Chanson International Azioni (NASDAQ: CHSN)

Ultime notizie per Chanson International (NASDAQ:CHSN) Azioni

Chanson International

Chanson International Holding manufactures and sells a diverse range of bakery products, seasonal items, and beverages; some of its stores also provide dining services. The company emphasizes producing healthy, nutritious, and ready-to-eat food through its facilities and industry research while also creating a comfortable and distinctive store environment for customers to enjoy their products.

Levi Strauss

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Settimana cruciale per i mercati: ecco i titoli che potrebbero fare la differenza. Le previsioni degli esperti e i fattori da considerare.

Levi Strauss, Dave &amp; Buster&#39;s Entertainment e altre 3 azioni da tenere d&#39;occhio in vista del &#34;lunedì nero&#34;

Goldman Sachs analyst Joe Ritchie maintains Allegion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>) with a Buy and raises the price target from $149 to $170.

Price Target

Analyst Ratings

ALLE

Goldman Sachs Maintains Buy on Allegion, Raises Price Target to $170

"Success is not guaranteed," Wall Street Journal reporter Keach Hagey told <a href="https://techcrunch.com/2025/06/01/sam-altman-biographer-keach-hagey-explains-why-the-openai-ceo-was-born-for-this-moment/">TechCrunch in an interview</a> last month. Her recently released biography,<a href="https://www.amazon.com/Optimist-Altman-OpenAI-Invent-Future/dp/1324075961"> "The Optimist</a>," tracks Sam Altman from St. Louis coder to OpenAI CEO.&nbsp;
Hagey warned that Altman's fate depends on "a deal-maker's luck" after a board revolt showed how fragile OpenAI's nonprofit-over-for-profit structure remains.&nbsp;
<h2 class="wp-block-heading">Path From Loopt To OpenAI</h2>
Altman learned to code at age 8 and co-founded the location app Loopt in 2005, selling it for $43.4 million in 2012. He later became president of startup accelerator Y Combinator in 2014, after serving as a part-time partner. While Airbnb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) and Stripe had already gone through YC before his presidency, he continued to support startups during their later stages of growth.&nbsp;
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In 2015, Altman co-founded OpenAI as a nonprofit aiming to build safe artificial general intelligence. The lab added a capped-profit arm in 2019 so investors could earn up to 100%,<a href="https://blogs.microsoft.com/blog/2023/01/23/microsoftandopenaiextendpartnership/"> according to Microsoft's 2023 investment blog</a>.&nbsp;&nbsp;&nbsp;
That deal opened a $13 billion pipeline to Microsoft Azure. Hagey said Altman's "once-in-a-generation storytelling" powers kept money flowing while he chased bold research goals.
<h2 class="wp-block-heading">Board Crisis Tests The Charter</h2>
On Nov. 17, 2023, the board removed Altman for not being "consistently candid," an<a href="https://openai.com/index/openai-announces-leadership-transition/"> OpenAI blog post</a> stated.&nbsp;
Within two days, more than 500 employees co-signed a letter threatening to join Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) unless the directors resigned, according to a leaked <a href="https://twitter.com/debarghya_das/status/1726598546223435859">copy on X</a>. By Nov. 20, 2023 the tally hit 700 signatures, pressuring directors to reverse the firing.&nbsp;
Trending: The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. <a href="https://www.benzinga.com/money/masterworks">See which asset class has outpaced the S&amp;P 500 (1995-2024) – and with near-zero correlation.</a>
Altman returned as CEO on Nov. 29, 2023 and a new three-member board — Chair Bret Taylor, former Treasury Secretary Larry Summers, and Adam D'Angelo — took charge, the same <a href="https://openai.com/index/sam-altman-returns-as-ceo-openai-has-a-new-initial-board">blog post</a> confirmed. A later <a href="https://openai.com/index/review-completed-altman-brockman-to-continue-to-lead-openai">review</a> ordered by a special committee found no wrongdoing but urged clearer governance.
Hagey calls the five-day drama "the Blip," saying it proved staff loyalty rests more with Altman's deal skills than the nonprofit mission.
<h2 class="wp-block-heading">New Data Centers Demand Big Cash</h2>
OpenAI now plans to shift its for-profit arm into a public benefit corporation while keeping nonprofit control, an<a href="https://openai.com/index/evolving-our-structure/"> OpenAI structure post</a> reported on May 5. Board chair Taylor said the move balances mission and money. However, the structural change must still be approved by legal authorities in California and Delaware before new investments can flow.
Meanwhile, Altman is securing global capacity. On May 22, Abu Dhabi firm G42 announced<a href="https://www.g42.ai/resources/news/global-tech-alliance-launches-stargate-uae"> Stargate UAE</a>, a 1-gigawatt data center that OpenAI and Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) will run. Oracle <a href="https://www.oracle.com/news/announcement/openai-selects-oracle-cloud-infrastructure-to-extend-microsoft-azure-ai-platform-2024-06-11/">said</a> the company would supply extra cloud power and Nvidia (NVIDIA: NVDA) chips for OpenAI's U.S. builds.&nbsp;
Hagey warned, "Investors will pause until governance and capital match," but she added that Altman "might be up to the challenge."&nbsp;
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ABNB

MSFT

NVDA

ORCL

'Success Is Not Guaranteed' — Biographer Keach Hagey Says Sam Altman's Future At OpenAI Hangs On A Deal-Maker's Luck And Instability

SoundHound AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) stock is soaring on Tuesday. However, the stock plunged over 35% year-to-date.
<h2 class="wp-block-heading">What Contributed The Decline</h2>
On February 14, <a target="_blank" href="https://www.benzinga.com/25/02/43739106/soundhound-ai-stock-drops-27-as-nvidia-exits-position" rel="noreferrer noopener">the stock tumbled</a> 27% after Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) disclosed that it had dissolved its stake in the company. Nvidia&#8217;s exit casts doubt on SoundHound AI&#8217;s future growth and stability.
As a key AI player, Nvidia likely gave other investors confidence through its backing.
On March 26, CNBC&#8217;s Jim Cramer recommended selling&nbsp;SoundHound AI, dismissing it as a <a target="_blank" href="https://www.benzinga.com/25/03/44492633/jim-cramer-palantir-is-a-winner-recommends-selling-this-tech-stock" rel="noreferrer noopener">complete meme stock</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/25/03/44401097/soundhound-ai-integrates-nvidias-software-to-accelerate-voice-ai-technologies" rel="noreferrer noopener">SoundHound AI Integrates NVIDIA&#8217;s Software To Accelerate Voice AI Technologies</a>
Retail investors on social media hype up meme stocks, which often have compelling stories that drive their popularity. GameStop and AMC Entertainment Holdings rank among the most well-known examples.
On May 8, the conversational AI company reported <a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45302790/soundhound-ai-stock-slides-on-mixed-q1-results-reaffirms-fy25-outlook" rel="noreferrer noopener">first-quarter revenue</a> of $29.13 million, up 151% year over year, missing analyst&nbsp;estimates&nbsp;of $30.38 million. The stock lost close to 4% in value after the results.
SoundHound AI reaffirmed its full-year 2025 revenue guidance of $157 million-$177 million versus estimates of $166.17 million.
<h2 class="wp-block-heading">Potential Rivals</h2>
As per a June 27 report, Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is exploring acquiring voice-cloning startup PlayAI to strengthen its push into conversational AI and build a superintelligence lab.
Meanwhile, OpenAI enhanced ChatGPT&#8217;s voice assistant in March, making it more natural and engaging as competition in the AI voice space heats up.
Wedbush&#8217;s Daniel Ives expects Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) <a target="_blank" href="https://www.benzinga.com/markets/equities/25/07/46216283/dan-ives-urges-apple-to-make-a-move-saying-that-perplexity-acquisition-is-a-no-brainer-its-a-matter-of-when-and-not-if" rel="noreferrer noopener">to enter the</a> conversational AI space by acquiring Perplexity AI to boost search capabilities and stay competitive.
They urge Apple to move beyond its cautious approach, citing growing pressure from rivals like OpenAI, Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
<h2 class="wp-block-heading">Analyst Opinion</h2>
Eight analysts have set a <a target="_blank" href="https://www.benzinga.com/quote/SOUN/analyst-ratings" rel="noreferrer noopener">consensus price forecast</a> of $10.50 for SoundHound AI. HC Wainwright gave the highest forecast at $18 on May 12, 2025.
The latest ratings from Piper Sandler (May 27), HC Wainwright &amp; Co. (May 12), and Wedbush (May 9) average a $15 target, suggesting a potential upside of 13.85% for the stock.
H.C. Wainwright&nbsp;analyst&nbsp;Scott Buck noted <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45356352/soundhound-ai-expansion-in-autos-and-dining-plus-q4-profit-target-fuels-bullish-analyst-view" rel="noreferrer noopener">a growing customer base</a> across sectors and 13,000+ restaurant locations as signs of strong business diversification.
According to the analyst, SoundHound AI&#8217;s restaurant segment could generate over $31 million in annual recurring revenue, with room to expand in 2025. He said gross margins will likely improve toward 70% over time despite short-term declines due to recent acquisitions.
Buck added that SoundHound AI&#8217;s $246 million in cash and no debt give the company flexibility for strategic M&amp;A and organic growth opportunities.
Buck now projects SoundHound AI will generate $164 million in revenue for 2025, down from his earlier $170 million estimate but still within the company&#8217;s $157 million–$177 million guidance range.
He forecasts an adjusted EBITDA loss of $50.4 million for the year, including a $0.9 million profit in Q4, marking a key turning point for the business.
For 2026, Buck expects revenue to rise 34.1% to $220 million, with the adjusted EBITDA loss narrowing to $26.1 million. He anticipates greater visibility as the company scales in the coming quarters.
On June 19, Wedbush&#8217;s Dan Ives included SoundHound AI in his new ETF, calling it one of <a target="_blank" href="https://www.benzinga.com/etfs/sector-etfs/25/06/46013679/dan-ives-says-market-is-massively-underestimating-this-ai-play-urges-investors-to-look-beyong-mag-7" rel="noreferrer noopener">the overlooked names</a> poised to benefit from the AI revolution. He noted that investors undervalue AI&#8217;s long-term growth and that focusing only on valuation risks misses transformative tech stocks like SoundHound.
Price Action: SOUN shares traded higher by 13.2% at $12.87 at the last check Tuesday.
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AAPL

GOOGL

SOUN

SoundHound AI Plunged 35% In 2025 - Is It Still Worth Owning?

Oppenheimer analyst Owen Lau maintains TransUnion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRU#NYSE">TRU</a>) with a Outperform and raises the price target from $100 to $108.

Oppenheimer Maintains Outperform on TransUnion, Raises Price Target to $108

Canaccord Genuity analyst Sumant Kulkarni maintains Cybin (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CYBN#AMEX">CYBN</a>) with a Buy and lowers the price target from $73 to $70.

CYBN

Canaccord Genuity Maintains Buy on Cybin, Lowers Price Target to $70

Oppenheimer analyst Ari Wald maintains SEI Investments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>) with a Outperform and raises the price target from $96 to $101.

SEIC

Oppenheimer Maintains Outperform on SEI Investments, Raises Price Target to $101

U.S. stocks traded mixed midway through trading, with the Dow Jones index dipping more than 150 points on Tuesday.
The Dow traded down 0.35% to 44,249.09 while the NASDAQ gained 0.07% to 20,427.63. The S&amp;P 500 also fell, dropping, 0.03% to 6,228.39.
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Leading and Lagging Sectors Energy shares jumped by 2.1% on Tuesday.
In trading on Tuesday, utilities stocks dipped by 1.9%.
Top Headline
The US Manheim Used Vehicle Value Index increased 1.6% month-over-month for June, following a 1.4% decline in May.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul class="wp-block-list">
<li>ENDRA Life Sciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDRA#NASDAQ">NDRA</a>) shares shot up 134% to $8.10 after the company announced it will be granted a US patent titled &#8220;Radio Frequency Applicator&#8221;.</li>
<li>Shares of ProKidney Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PROK#NASDAQ">PROK</a>) got a boost, surging 218% to $1.95 after the company reported statistically and clinically significant topline results from its Phase 2 REGEN-007 trial evaluating Rilparencel in patients with chronic kidney disease and diabetes.</li>
<li>Humacyte, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUMA#NASDAQ">HUMA</a>) shares were also up, gaining 20% to $2.5750. Humacyte announced Symvess has been awarded Electronic Catalog Listing approval from the US Defense Logistics Agency.</li>
</ul>
Equities Trading DOWN
<ul class="wp-block-list">
<li>Blue Gold Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGL#NASDAQ">BGL</a>) shares dropped 21% to $58.75. Blue Gold announced the formation of its inaugural Advisory Board for Blockchain Evolution and named T. Jack Williams as the first member of the Advisory Board.</li>
<li>Shares of Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) were down 11% to $9.84. Solar stocks dropped on Tuesday after President Donald Trump signed an executive order to fast-track the end of clean-energy tax credits late Monday. Keybanc analyst Sophie Karp upgraded Sunrun from Underweight to Sector Weight.</li>
<li>Apogee Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APGE#NASDAQ">APGE</a>) was down, falling 8% to $36.24. Apogee Therapeutics recently released 16-week data from Part A of the Phase 2 APEX clinical trial of APG777 for moderate-to-severe atopic dermatitis.</li>
</ul>
Commodities In commodity news, oil traded up 0.3% to $68.14 while gold traded down 1.1% at $3,306.90.
Silver traded down 0.8% to $36.625 on Tuesday, while copper fell 0.5% to $5.0000.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.40%, while Spain's IBEX 35 Index rose 0.10%. London's FTSE 100 gained 0.46%, Germany's DAX 40 gained 0.68% and France's CAC 40 gained 0.46% during the session.
Asia Pacific Markets
Asian markets closed higher on Tuesday, with Japan's Nikkei gaining 0.26%, Hong Kong's Hang Seng climbing 1.09%, China's Shanghai Composite gaining 0.70% and India's BSE Sensex gaining 0.32%.
Economics
<ul class="wp-block-list">
<li>The US Manheim Used Vehicle Value Index increased 1.6% month-over-month for June, following a 1.4% decline in May.</li>
<li>The NFIB Small Business Optimism Index fell to 98.6 in June from 98.8 in May and compared to market estimates of 98.7.</li>
</ul>
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</ul>
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Equities

Eurozone

Commodities

Intraday Update

APGE

HUMA

NDRA

PROK

Gold Falls 1%; ProKidney Shares Spike Higher

The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) announced on Tuesday that Kirk Tanner will take over as President and CEO, beginning August 18, marking a significant leadership transition for the company.
Tanner, a seasoned executive in the food and beverage sector, succeeds Michele Buck, who is retiring after a transformative tenure. Buck will remain with the company for a period in an advisory role to support a smooth leadership transition.
The leadership change follows a detailed succession plan, positioning Hershey for sustained growth and innovation under new guidance.
Also Read: <a href="https://www.benzinga.com/25/04/44643347/hershey-expands-snack-empire-with-acquisition-of-lesserevil-for-750m" target="_blank" rel="noreferrer noopener">Hershey Bites Into Better-For-You Snacking With LesserEvil Deal: Details</a>
Tanner currently serves as CEO of The Wendy&#8217;s Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">WEN</a>), where he prioritized brand growth and international expansion. He will depart the <a href="https://www.benzinga.com/pressreleases/25/07/n46294385/wendys-appoints-ken-cook-as-interim-ceo" target="_blank" rel="noreferrer noopener">fast-food chain on July 18, 2025</a>. Wendy&#8217;s CFO Ken Cook has been appointed as interim CEO while the company searches for a permanent replacement.
Tanner also brings more than 30 years of experience from PepsiCo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>), where he most recently led the $28 billion North American beverage division.
He also held several senior positions, including President of Global Foodservice and VP of Sales for the UK and Ireland. Hershey&#8217;s Board praised Tanner as a strong operator with deep experience in snack foods, beverages, and innovation.
Chair of the CEO Search Committee Mary Kay Haben highlighted Tanner&#8217;s balanced leadership and strategic vision as ideal for driving the company forward. She also thanked Buck for her impactful leadership and for building Hershey&#8217;s status as a multi-category snacking powerhouse.
In a statement, Tanner expressed enthusiasm for leading Hershey, saying the opportunity was &#8220;once-in-a-lifetime.&#8221; He emphasized his commitment to consumers, partners, and employees. Buck also voiced confidence in Tanner, calling it a privilege to support the transition after leading the company through years of sustained growth.
Price Action: HSY shares are trading lower by 2.98% to $170.32&nbsp;at last check Tuesday, while WEN shares are trading lower by 0.13% to $11.29.
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<li><a href="https://www.benzinga.com/general/restaurants/25/05/45202730/wendys-mixes-weak-sales-with-a-side-of-resilience-fast-food-restaurant-has-solid-marketing-menu-innovation-plans-says-analyst" target="_blank" rel="noreferrer noopener">Wendy&#8217;s Mixes Weak Sales With A Side Of Resilience: Fast-Food Restaurant Has &#8216;Solid Marketing,&#8217; Menu Innovation Plans, Says Analyst</a></li>
</ul>
Photo via Shutterstock

Topics

General

Hershey Taps PepsiCo And Wendy's Veteran Kirk Tanner As Next CEO

Oppenheimer analyst Jay Olson maintains Praxis Precision Medicine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRAX#NASDAQ">PRAX</a>) with a Outperform and raises the price target from $97 to $115.

PRAX

Oppenheimer Maintains Outperform on Praxis Precision Medicine, Raises Price Target to $115

WIIM

SCCO

Shares of copper stocks are trading higher after President Trump said he believes copper tariffs will be 50%.

Oppenheimer analyst Chad Larkin maintains Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) with a Outperform and raises the price target from $17 to $20.

LYFT

Oppenheimer Maintains Outperform on Lyft, Raises Price Target to $20

Oppenheimer analyst Ian Zaffino maintains Kyndryl Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KD#NYSE">KD</a>) with a Outperform and raises the price target from $47 to $55.

Oppenheimer Maintains Outperform on Kyndryl Hldgs, Raises Price Target to $55

Oppenheimer analyst Owen Lau maintains Fair Isaac (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>) with a Outperform and raises the price target from $2293 to $2300.

FICO

Oppenheimer Maintains Outperform on Fair Isaac, Raises Price Target to $2300

<a href="https://www.youtube.com/live/vL6PaBTA4I8">https://www.youtube.com/live/vL6PaBTA4I8</a>

Politics

President Trump Says We Are Thinking Of Taking Over Governance Of Washington D.C.; Says "Not Getting Involved" In NYC Mayoral Race

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock may be down 20% year-to-date in 2025, but that's not stopping analysts and investors, including Ark Invest to bet on the company's future success thanks to robotaxis, less expensive electric vehicles and <a href="https://www.benzinga.com/markets/penny-stocks/23/08/34102486/exclusive-cathie-wood-tells-benzinga-why-tesla-should-trade-as-a-tech-stock">other future catalysts.</a>
Here&#8217;s a look at Ark Invest CEO&nbsp;Cathie Wood&#8217;s&nbsp;future price targets for Tesla and how investors could still benefit if she is right about the EV leader again.
Following Wood Into Tesla:&nbsp;Wood&nbsp;<a href="https://www.benzinga.com/news/21/01/19082834/with-tesla-over-800-arks-catherine-wood-proves-doubters-wrong-on-huge-bullish-call-from-2018" target="_blank" rel="noreferrer noopener">famously called a bullish&nbsp;</a>price target of $4,000 on Tesla in 2018 that came true (split-adjusted) years later. While many were skeptical of Wood&#8217;s high price target at the time, her conviction paid off and helped cement her status in the financial community.
Wood&nbsp;announced a&nbsp;$2,600 price target for Tesla in<a href="https://www.benzinga.com/etfs/specialty-etfs/24/06/39294523/cathie-wood-ark-invest-set-new-2-600-price-target-for-tesla-every-car-becomes-an-ai-powered-c" target="_blank" rel="noreferrer noopener">&nbsp;June 2024</a>, raising the bar from a previous price target of $2,000 for the electric vehicle stock.
Ark Invest has a price target of $2,600 for Tesla by the year 2029, with a bear case price target of $2,000 and a bull case of $3,100.
With Tesla shares trading at $301.98 today, an investor could purchase 3.31 shares with a $1,000 investment
Here's a look at how much the $1,000 could be worth in 2029 if Wood's various price targets come true:
<ul class="wp-block-list">
<li>$2,000 Bear Case: $6,602, +560.2%</li>
<li>$2,600 Base Case: $8,606, +760.6%</li>
<li>$3,100 Bull Case: $10,261, +926.1%</li>
</ul>
Each of the price targets from Wood would gain 560% or more, representing huge returns over the next five years.
Keep in mind that the average return of the S&amp;P 500 Index is around 10.5% annually since the fund's 1957 inception. The price target from Wood would mark a sizable outperformance to historical stock index returns.
Are you buying when the CEOs of the Magnificent 7 are selling?
<ul class="wp-block-list">
<li>Stay in the know with our Insider Trades page — <a href="https://www.benzinga.com/sec/insider-trades/">see when leaders like Mark Zuckerberg, Elon Musk, and Jensen Huang are offloading their own shares.</a></li>
</ul>
Why It's Important:&nbsp;Wood reiterated her $2,600 price target for Tesla <a href="https://www.benzinga.com/news/large-cap/25/03/44537429/cathie-wood-doubles-down-on-2600-tesla-stock-price-prediction">earlier this year</a> in several interviews. The fund manager said robotaxis represents a software-as-a-service-like business model that will provide high operating margins for Tesla.
The new price target is based on several factors, with the majority of the price target coming from Tesla's robotaxi ambitions.
"ARK estimates that nearly 90% of Tesla's enterprise value and earnings will be attributed to the robotaxi business in 2029," the open-source model reads.
Aside from the new price targets in the thousands of dollars, Ark also lists a price target of $350 for Tesla if it eliminates the robotaxi network from the model, stressing the importance of this future catalyst.
The new price target forecast model breaks down Tesla's 2029 revenue as 63% from robotaxis and 26% from electric vehicles, with the rest coming from items such as insurance and energy storage.
Ark Invest estimates that Tesla could have revenue of $1.2 trillion in 2029 and EBITDA of $440 billion. The prediction assumes that Tesla will sell 5.8 million electric vehicles in 2029.
"Tesla plans to unveil its dedicated robotaxi vehicle in August 2024. While Tesla could transform its current fleet into robotaxis, we believe a custom-built CyberCab reflects increased confidence that its autonomy software will allow Tesla to scale the robotaxi business."
The new Ark Invest price target does not include any impact from the Tesla Semi, Tesla Supercharging network, FSD licensing or AI-As-A-Service. The price model includes minimal results from the Optimus bot.
"(Tesla's) business model should transform from one-off vehicle sales to a recurring revenue base as every car becomes an AI-powered cash flow generation machine."
Wood's new price targets would take Tesla to a market capitalization of between $7 trillion and $10.9 trillion and the title of the world's most valuable company.
Tesla CEO&nbsp;Elon Musk&nbsp;recently highlighted&nbsp;<a href="https://www.benzinga.com/news/24/06/39324085/elon-musk-thanks-shareholders-says-tesla-starting-a-new-book-could-hit-30-trillion-valuation-hot-d-i" target="_blank" rel="noreferrer noopener">the potential value&nbsp;</a>of the robotaxi business and Optimus bot as the catalysts that could make Tesla the most valuable company in the world, worth north of $30 trillion.
Many laughed at Wood when she made her bullish $4,000 price prediction. Years later, the stock was north of that level on a split-adjusted value. Wood continues to bet heavily on Tesla with the Ark Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>), Ark Next Generation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#BATS">ARKW</a>) and Ark Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) <a href="https://www.ark-funds.com/" target="_blank" rel="noreferrer noopener">counting </a>
Tesla is the top holding in ARKK and ARKQ at 9.14% and 9.94% of assets, respectively. In ARKW, Tesla is the fourth-largest holding at 6.18% of assets at the time of writing.
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This article was previously published by Benzinga and has been updated.

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