KeyBanc Sees 81% Upside In This Autonomous Driving Technology Company – Telecomunicacoes de Sao Paulo S/A (TSP)

  • KeyBanc analyst Todd Fowler initiated TuSimple Holdings Inc (NASDAQ:TSP) with an Overweight rating and a price target of $50, implying an upside of 81%.
  • Fowler believes fully autonomous capabilities represent a “must-have” technology for the for-hire trucking industry, given the potential to lower the cost to serve and improve asset utilization.
  • Additionally, the analyst thinks the company’s for-hire carrier model and its Autonomous Freight Network, combined with potential expansion outside of the U.S., broadens the addressable market.
  • Lastly, Fowler mentions assuming commercialization is achieved around 2024/2025 and absent regulatory hurdles, minimal additional capital may be required to fund operations.
  • Related ContentNvidia Extends TuSimple Partnership For Autonomous Trucking; Showcases Omniverse Plans.
  • TuSimple is an autonomous driving technology company. The San Diego, California-based company is developing a commercial-ready, fully autonomous (SAE Level 4) driving solution for long-haul heavy-duty trucks.
  • Price Action: TSP shares are trading higher by 6.46% at $27.67 on the last check Tuesday.

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