1 Wall Street Analyst Thinks Tesla Stock Is Going to $388. Is It a Buy Around $260?
Tesla (NASDAQ: TSLA) has a lot of moving parts. It's not just an electric vehicle (EV) maker. It has a growing energy storage business, a robotics arm, and enough data and artificial intelligence (AI) assets to begin making fully self-driving vehicles later this year.A busy, vocal, and sometimes controversial CEO also can add to the stock's volatility. The stock has lost 35% so far this year, most of which has come since Tesla reported its fourth-quarter and full-year earnings on Jan. 29.But one Wall Street analyst thinks the stock has dropped far enough. TD Cowen analyst Itay Michaeli just upgraded that firm's rating on Tesla stock to a "buy" and provided a massive price target increase from $180 to $388 per share, reports Barron's.Continue reading
Tesla (NASDAQ: TSLA) has a lot of moving parts. It's not just an electric vehicle (EV) maker. It has a growing energy storage business, a robotics arm, and enough data and artificial intelligence (AI) assets to begin making fully self-driving vehicles later this year.
A busy, vocal, and sometimes controversial CEO also can add to the stock's volatility. The stock has lost 35% so far this year, most of which has come since Tesla reported its fourth-quarter and full-year earnings on Jan. 29.
But one Wall Street analyst thinks the stock has dropped far enough. TD Cowen analyst Itay Michaeli just upgraded that firm's rating on Tesla stock to a "buy" and provided a massive price target increase from $180 to $388 per share, reports Barron's.
