Tesla gets lofty US$1,200 price target as 'fireworks' not over
Esha Dey, Bloomberg News
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Last yearâs gains in Tesla Inc. are far from over as the company consolidates its leadership position in the EV industry in multi-trillion dollar markets, one Wall Street analyst said on Monday.
Piper Sandlerâs Alexander Potter more than doubled his price target on the electric vehicle maker to US$1,200 from US$515, the latest in a string of similar moves by several analysts, who expect the Elon Musk-led company to grow aggressively. Potterâs target is now the highest among the more than 40 analysts who cover the stock, according to Bloomberg data.