Dell Stock Is Going to $165, According to 1 Wall Street Analyst
With a valuation more than 6 times sales, (NASDAQ: TSLA) costs significantly more than rival automotive stocks like Ford and General Motors, both of which sell for mere fractions of 1 times sales. Tesla fans defend Tesla's high valuation, arguing Tesla is more than just a car company -- that its investments in artificial intelligence to power its self-driving car technology mean Tesla is really an AI company.
And investors in Dell Technologies (NYSE: DELL) had better hope they're right.
On Thursday, Dell won a big upgrade when investment bank Evercore ISI raised its price target on the stock from $140 to $165. As Evercore explained, its reason for upgrading Dell is because Tesla is buying much of its AI server capacity from Dell Technologies.
Source Fool.com
Tesla Inc Stock
Currently there is a rather positive sentiment for Tesla Inc with 76 Buy predictions and 28 Sell predictions.
As a result the target price of 247 € shows a positive potential of 30.74% compared to the current price of 188.92 € for Tesla Inc.
