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Could Tesla Stock Soar to $780?

TheMotleyFool

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Despite Tesla (NASDAQ: TSLA) stock soaring nearly 800% over the past year, one analyst thinks shares have a significant runway for further growth. Shares could rise to $780, the analyst said in a note to investors this week. This translates to an impressive 31% gain from the stock's Thursday closing price of about $593.

Does this analyst's bullish view make sense? Let's take a closer look.

Image source: Getty Images.

Source Fool.com

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