It took Wedbush analyst Daniel Ives just 4 days to raise his Tesla thesis price target from $1800 to $1900.
Daniel Ives maintained a Hold rating on Tesla with a price whooping price target of $1900.00. The company’s shares closed last Friday at $1650.71, close to its 52-week high of $1794.99, setting a record close, after a 1.83% rally.
Ives’s Tesla price target and rating are not the biggest so far, Colin Rusch of Oppenheimer still holds a buy rating with a price target of $2209.
Last week, Ives thinks that with demand for the Model 3 ramping stronger than expectations in China heading into August/September, the lockdown easing in the U.S./Europe, and some potentially “game-changing” battery developments on the horizon, Tesla’s stock likely has room to run further.
More can be found here: Daniel Ives Raises Tesla Bull Case Price Target To $2500