A bullish analyst raised his Tesla target to $ 800

New Street Research analyst Pierre Ferragu, who already has a buy rating on shares, hiked his price target to $800 from $530, noting that key elements of the research firm’s bullish thesis through 2025 have been validated over the past year-and-a-half.

“We stick to our views and expect {{0|Tesla} to sell (2 million to 3 million) cars per year after 2025, at industry leading margins, justifying a market capitalization” of $230 billion to $350 billion, about $1,100 to $1,700 per share, Ferragu said in a note.

“Discounted back to early 2021, we would see that fully priced with a stock in the $640-$960 range,” he added. “On that basis, we increase our target price to $800.”

 Trader Georgi Bozhidarov

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance