1 Unstoppable Stock That Could Soar 1,110% by 2029, According to Cathie Wood
Ark Investment Management operates eight exchange-traded funds that invest in companies developing innovative technologies, including electric vehicles (EVs), robotics, and artificial intelligence (AI).
Ark's CEO, Cathie Wood, recently called Tesla (NASDAQ: TSLA) the biggest AI opportunity in the world because of its full self-driving (FSD) platform, which could create several new revenue streams for the EV giant. Wood and her team published a report last month suggesting Tesla stock could soar to $2,600 over the next five years, thanks mostly to FSD.
That would represent a whopping 1,110% upside from where the stock trades today. Surprisingly, Tesla CEO Elon Musk even came out and said hitting that target would be challenging. So, what are the chances Wood is right?
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 77 Buy predictions and 30 Sell predictions.
As a result the target price of 247 € shows a positive potential of 30.05% compared to the current price of 189.92 € for Tesla Inc.
