Why Tesla Stock Jumped on Thursday

Shares of Tesla (NASDAQ: TSLA) jumped on Thursday, rising more than 3% as of 11 a.m. EDT. The stock's bump higher follows an analyst's move this week to increase its 12-month price target for the electric-vehicle (EV) maker's shares to $1,300. 

The growth stock's gain on Thursday builds on staggering momentum over the last month. Month to date, the stock is up a whopping 38% as investors digest the company's strong third-quarter earnings report.

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Source Fool.com