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7 Best Auto Stocks to invest in 2022

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United state auto sales dropped 20% in the second quarter as the sector continues to deal with tight stocks. 

High-margin SUVs, trucks as well as high-end cars obtained market share over vehicles in the initial half of 2022. 

while electric vehicle sales climbed 66% in the 2nd quarter year over year. 

Right here are 7 of CFRA analysts' top automobile stocks to acquire today. 

Tesla Inc. (ticker: TSLA) 

Analyst Garrett Nelson projects Tesla will expand revenue by 60% in 2022 and an additional 44% in 2023. 

1

Tesla Inc. (ticker: TSLA) 

CFRA has a "strong buy" ranking and also a split-adjusted $418 price target for TSLA supply, which shut at $288.09 on Aug. 26. 

1

Tesla Inc. (ticker: TSLA) 

CFRA has a "strong buy" rating and also a split-adjusted $418 price target for TSLA stock. 

1

Toyota Motor Corp. (TM) 

Expert Ho projects 13% revenue growth in financial 2023 and 2024.  

2

Toyota Motor Corp. (TM) 

CFRA has a "buy" rating as well as $200 price target for TM stock, which shut at $151.77 on Aug. 26. 

2

Ford Motor Co. (F)

Nelson claims projects 19% revenue growth for Ford in 2022.  

3

Ford Motor Co. (F)

CFRA has a "Buy" rating and also $18 rate target for F supply, which shut at $15.41 on Aug. 26. 

3

Expert Ho projects 14% revenue growth in monetary 2023 and also an additional 6% growth in fiscal 2024. 

4

Honda Electric Motor Co. Ltd. (HMC) 

CFRA has a "Buy" rating as well as $35 cost target for HMC stock, which closed at $26.34 on Aug. 26. 

4

Honda Electric Motor Co. Ltd. (HMC) 

Nelson claims Stellantis has a solid annual report and a higher level of financial versatility than many various other car manufacturers. 

5

Stellantis NV (STLA). 

He states Stellantis has browsed the auto market semiconductor lack reasonably well in 2021 as well as is on track to produce 15.4% revenue growth in 2022. 

5

Stellantis NV (STLA). 

CFRA has a "Buy" rating as well as $18 price target for STLA stock, which shut at $13.61 on Aug. 26. 

5

Stellantis NV (STLA). 

analyst Jian Xiong Lim states the sell-off is a buying possibility for long-term capitalists provided Nio gets on track to generate impressive 74% sales growth in 2022 and also 68% growth in 2023. 

6

Nio Inc. (NIO) 

CFRA has a "get" score as well as $35 rate target for NIO stock, which closed at $19.92 on Aug. 26. 

6

Nio Inc. (NIO) 

Nelson projects revenue growth of 6% in 2022 and also another 11% in 2023. 

7

BorgWarner Inc. (BWA) 

CFRA has a "Buy" score as well as $50 cost target for BWA stock, which shut at $37.97 on Aug. 26. 

7

BorgWarner Inc. (BWA)