Another $400 Price Target Is Lifting Tesla’s Stock Today
Key Takeaways
- Shares of Tesla rose after Bank of America analysts set a $400 price target on the EV maker’s stock.
- The new target is among the highest on Wall Street and more than 10% above last night’s close.
- The analysts offered a range of reasons for their optimism and suggested that the company might look to raise capital to fund some of its ambitions.
Shares of Tesla (TSLA) rose Thursday after another Wall Street analyst issued a bullish outlook for the EV maker.
Bank of America analysts were part of the reason for today’s gains. While they maintained a “buy” rating on the shares, they lifted their price target by $50 to $400, well above the Visible Alpha average around $280 and 12% above Wednesday’s close. The target is…
