2 Dirt Cheap Stocks Set to Soar From Artificial Intelligence and Electric Vehicles
Many of the best-performing stocks over the past few years play into two big industries: artificial intelligence and electrification. Just look at the multiyear stock charts for Nvidia (NASDAQ: NVDA) and (NASDAQ: TSLA) as evidence.
Of course, most investors know these will be great growth industries over the next decade, and have thus bid up related stocks to very high valuations.
But what if I were to tell you there are other stocks that will also benefit from these megatrends, yet still trade at single-digit P/E ratios? Sure, these stocks aren't direct EV manufacturers or AI companies, but the growth of these industries will be beneficial to them. And with valuations that low, it won't take much for these stocks to go higher.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a slightly positive potential of 16.14% compared to the current price of 206.65 € for Tesla Inc.
