Tesla Stock Could Surge 51% to $1,000 According to This Analyst

Shares of Tesla (NASDAQ: TSLA) have soared nearly 615% over the past 12 months, but will surge to new all-time highs in the coming year.

So says Wedbush analyst Daniel Ives. On Monday, Ives upgraded Tesla to outperform (buy) and raised his price target on the stock from $950 to $1,000. His new base target represents potential gains for investors of roughly 51% over the stock's closing price on Friday of roughly $661. The bull case is even more compelling, suggesting the stock could nearly double to $1,300. 

Image source: Tesla.

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Source Fool.com