Tesla Price Targets Soar After Long-Time Bear Turns Bullish
Posted: Sun Dec 08, 2024 4:16 am
Tesla’s stock price target hikes: Bullish signal or analyst catch-up? Roth MKM’s dramatic upgrade from 85 to 380 dollars certainly raises eyebrows. Is this newfound optimism justified by Tesla’s recent advancements in FSD and potential for a low-cost EV, or is it simply a delayed reaction to Tesla’s ongoing progress? Bank of America’s increased price target, coupled with the analyst’s positive FSD test drive experience, adds fuel to the bullish sentiment. However, Guggenheim’s sell rating, even with a price target increase, injects a dose of skepticism. Where do you stand? Are these price target adjustments accurate reflections of Tesla’s value and future prospects, or is the market overreacting? Let’s discuss the validity of these contrasting viewpoints and what they mean for Tesla’s long-term trajectory. Furthermore, how much weight should we give to analyst ratings in our own investment decisions? Are they valuable insights, or just noise in the already volatile world of stock market predictions?