As S&P 500 Hits All-Time Highs, Is It Time to Dump Cathie Wood's Underperforming Ark Innovation ETF?
Cathie Wood first gained notice as a top growth investor when her flagship ARK Innovation ETF (NYSEMKT: ARKK) soared 85% in 2017. She then followed that up with returns of 35% in 2019 and a whopping 149% in 2020.
With the fund's huge 2020 returns, Wood's popularity soared, and investors poured money into her ARK Innovation ETF. She became renowned as an investment guru with great insights into stocks at the cutting edge of technology.
With her popularity, Wood became very outspoken on some polarizing investments, such as . She has a $2,000 price target on the electric vehicle (EV) stock, which she expects it to reach by 2027. With Tesla stock trading well below $200, hitting that target in three years seems unlikely.
Source Fool.com
Tesla Inc Stock
€202.35
-0.520%
Our community is currently high on Tesla Inc with 73 Buy predictions and 29 Sell predictions.
With a target price of 245 € there is a positive potential of 21.08% for Tesla Inc compared to the current price of 202.35 €.
