Dell Stock Is Going to $165, According to 1 Wall Street Analyst
With a valuation more than 6 times sales, (NASDAQ: TSLA) costs significantly more than rival automotive stocks like Ford and General Motors, both of which sell for mere fractions of 1 times sales. Tesla fans defend Tesla's high valuation, arguing Tesla is more than just a car company -- that its investments in artificial intelligence to power its self-driving car technology mean Tesla is really an AI company.
And investors in Dell Technologies (NYSE: DELL) had better hope they're right.
On Thursday, Dell won a big upgrade when investment bank Evercore ISI raised its price target on the stock from $140 to $165. As Evercore explained, its reason for upgrading Dell is because Tesla is buying much of its AI server capacity from Dell Technologies.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 57 Buy predictions and 31 Sell predictions.
With a target price of 249 € there is a positive potential of 42.58% for Tesla Inc compared to the current price of 174.64 €.
