Following one analyst's bearish note last week on (NASDAQ: TSLA) stock, another analyst is making the opposite assertion. An analyst from Baird said on Tuesday morning that shares could soar to $252. That translates to 34% upside from where the stock is trading at the time of this writing and is 68% higher than the $150 price target set by Bernstein last week.

What exactly has Baird so bullish on Tesla stock? One key factor is the company's market-leading operating margins, which allow Tesla to price its vehicles competitively -- case in point is Tesla's most recent round of price cuts to its vehicles.

Here's a closer look at the analyst's optimistic view for the growth stock.

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Source Fool.com