Wall Street Analysts Now Value Tesla At $1200 A Share

Piper Sandler analyst Alexander Potter, a top-ranked Wall Street analyst, has raised his price target for Tesla stock to a “Street High” of $1,200 per share, up from his previous estimate of $515 per share. Potter also maintained his “Overweight” rating for the stock.

In an extensive research note that spanned over a hundred pages, Potter outlined Tesla’s potential, highlighting that the electric car maker is taking on trillion-dollar industries. What is rather remarkable is that despite Piper Sandler’s undoubtedly optimistic stance on TSLA stock, the firm’s estimates are still conservative relative to the electric car maker’s self-imposed targets.

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