Tesla Motors (NASDAQ: TSLA) just scored a huge new long-term price target of $1300 a share. It suggests that the stock could nearly DOUBLE with an 89% gain.
However, Tesla stock is already up 565% during the last year. So, the explosive gains may be in the rear-view mirror.
Wedbush Securities just released a bullish report on Tesla, writing this:
“In our view the 1Q delivery numbers released on Friday was a paradigm changer and shows that the pent-up demand globally for Tesla’s Model 3/Y . . .
We now believe Tesla could exceed 850,000 deliveries for the year with a 900,000 stretch goal.”
Unlike Chinese electric vehicle automakers facing chip shortages . . .
Tesla appears to be right on track. And the company is seeing strong demand globally as consumers rush to buy EVs.
Inside the report, Wedbush upgraded Tesla Motors stock:
12-month price: $1,000 – increased from $950
Long-term target: $1,300
This suggests that Tesla Motors stock could jump 44% in the next year. And 89% over the longer term.
Wedbush isn’t the only firm that’s bullish on Tesla.
Analysts at Piper Sandler see the stock rising to $1,200 in the next year.
Plus, Ark Invest recently released a very, very bullish report titled ARK’s Price Target for Tesla in 2025.
The report provides a longer-term price target for Tesla Motors stock in 2025 – four years from now. And these price targets show a range of possibilities:
$1,500 / Share Bear Case: 117% gain
$3,000 / Share Expected Value: 335% gain
$4,000 / Share Bull Case: 480% gain
Those projections suggest that Tesla stock is a BUY at these levels. And the stock is certainly more of a bargain than in January.
However, the company is already valued at $658 billion. And the rich valuation may limit gains in the immediate-term.
That’s why I was shocked to discover that . . .
Elon Musk’s ex-business partner is jumping into the EV sector with +$200 million. And he’s betting on this tech company that’s building an EV aircraft for ridesharing.
In fact, this company expects sales could surge to more than $20 billion per year!
Right now, you can jump in and claim Pre-IPO shares at the ground floor price. And this could let you grab a stake BEFORE the upcoming IPO (expected within 90 days).
My estimates and price target suggest that this NEW EV stock could surge 443% – after the IPO.
Yours in Wealth,