Bizarre Tesla Stock Calls Keep Flooding In on Wall Street
Last weekend, I noted that Tesla (NASDAQ: TSLA) had gotten a dubious upgrade from analysts at RBC Capital Markets. The brokerage simultaneously lifted its price target for Tesla stock and predicted that the electric vehicle pioneer's growth rate would decelerate dramatically over the next five years. RBC's fundamental analysis and price target appeared to be completely untethered from one another.
With Tesla stock rocketing higher, two more Wall Street analysts raised their price targets with equally little justification last week. The growing disconnect between Tesla's projected fundamentals and analysts' price targets could be a sign that the stock has become too frothy.
Image source: Tesla.
Source Fool.com
