Tesla stock jumps to another high as Mizuho more than doubles price target to $515
Tesla stock (TSLA) pushed higher on Tuesday, hitting another record and adding to monster end-of-year gains as another Wall Street analyst says there’s more room to run.
Tesla shares jumped 3.6%, closing over $479 per share. The stock is up nearly 20% in the past five days, reflecting positive news reports regarding Tesla’s — and CEO Elon Musk’s — connection to President-elect Donald Trump.
Tesla stock is now up over 85% since Election Day.
The latest analyst to weigh in is Vijay Rakesh of Mizuho Securities, who upgraded Tesla to Outperform from Neutral and more than doubled his price target to $515 from $230.
Citing “idiosyncratic tailwinds,” Rakesh like other analysts, believes loosening autonomous driving rules from the…
