JPMorgan Calls Tesla One of Best Forever Stocks After Upgrade

JPMorgan reinforced its bullish long-term view on Tesla on June 12, labeling the stock one of the best forever holdings after upgrading it to Neutral from Underweight and lifting its price target to $475 by December 2027. The move follows a wave of positive analyst shifts, including a 227% price-target hike from $145 on June 10 and upgrades from Erste and others. Institutional support strengthened as Tesla became a top holding in Ken Griffin’s Citadel portfolio. Shares have risen 32% over the past year despite a 6.6% year-to-date decline, with focus shifting to robotaxis, Optimus, and AI growth. Oppenheimer’s neutral reiteration on June 11 added little new momentum but maintained the constructive tone.