JPMorgan Revises Tesla Stock Price Target: Why Analysts Are Divided
When JPMorgan adjusts its Tesla target, Wall Street sits up straight like it just saw Elon Musk tweeting at 3 am. Again, Tesla is caught in the middle of a finance battle, some bank analysts envision rockets, while others see speed bumps. JPMorgan Chase & Co has upgraded its price target from $115 to $150 for Tesla, as per MarketScreener.
The bank’s new price target of $150 sounds more like a reminder that gravity still holds trillion-dollar companies and companies with astronomical aspirations. Although this new estimate indicates optimism, it also directs to a possible downside of 66.05% from Tesla’s current value of $441.78. This conservative approach is opposite to the more optimistic forecasts from other analysts projecting…
