Could Tesla Stock Soar to $1,800?
Wedbush analyst Dan Ives released a bullish note on Tesla (NASDAQ: TSLA) stock on Tuesday morning. In commentary to support his 12-month price target of $1,400 for the company's shares, he said there are several catalysts that could drive the growth stock significantly higher next year. Highlighting just how well the analyst thinks things could go for the company in a best-case scenario, his most bullish case for the stock calls for an enormous 12-month price target of $1,800, representing about 65% upside from where the stock is trading today.
The analyst's optimism for the stock is impressive -- especially considering that the stock is already on a roll. In 2021, Tesla shares have risen a total of 55%. Furthermore, even the analyst's more cautious 12-month price target of $1,400 translates to 28% upside from here.
Here's a look at why the analyst is so upbeat about Tesla shares -- and why he could be onto something.
Source Fool.com
