1 Top Artificial Intelligence (AI) Stock to Buy Before It Soars 46%, According to This Wall Street Analyst

The larger an object, the more force is needed to move it. And with a market cap of $800 billion, moving (NASDAQ: TSLA) requires a lot of force. Over the coming years, the company will need to generate significant value to maintain its stock's upward momentum. And in the mind of Morgan Stanley analyst Adam Jonas, this could come from its investments in artificial intelligence (AI) and self-driving technology.

Jonas recently reiterated an "overweight" buy rating on Tesla stock and a 12-month price target of $380, representing a gain of 46% from its current price. The analyst believes Tesla's potential to become a diversified technology company overshadows near-term headwinds in its automotive operations. Let's dig deeper into what the future may hold.

Self-driving cars have been described as the "mother of all AI projects" because of the complexity of dealing with so much real-time and unpredictable data. Making the concept work may require a hypothetical form of AI called artificial general intelligence (AGI), which allows software to think and learn at the same level as a human. And as a front-runner in the race for full self-driving, Tesla may have a head start in developing a much more transformational technology.

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Source Fool.com