Why Tesla Stock Could Be Headed to $1,200
If you're concerned that Tesla (NASDAQ: TSLA) stock's recent wild run higher isn't sustainable, here's a counterargument for you. One analyst said this week that there's plenty of excitement ahead for Tesla. Indeed, shares could rise to $1,200 over the next twelve months, he predicts. That would translate to an incredible 43% gain from the stock's closing price on Monday.
How could Tesla stock be worth that much? It boils down to some enormous long-term expectations for the company'ss growth and profitability.
Let's take a closer look.
Source Fool.com
