Shares of (NASDAQ: TSLA) surged on Monday, rising more than 7%. The growth-stock's gain may have been driven, in part, by an upbeat day for the S 500 and the tech-heavy Nasdaq Composite.

But shares likely also benefited from a bullish analyst note. Baird analyst Ben Kallo put Tesla on his "best ideas" list this week, citing a range of catalysts for the stock that could help shares hit his 12-month price target of $300.

Could Tesla shares really rise about 30% higher over the next 12 months?

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Source Fool.com