Shares of (NASDAQ: TSLA) seem to march higher every day recently. The stock has risen 43% over the past 30 days and about 100% year to date. The run-up has analysts racing to reevaluate their 12-month price targets for the growth stock. Believe it or not, some of analysts' recently revised targets call for even more substantial upside for shares. Last week, one analyst laid out a case for shares to climb to $300 over the next 12 months. Yet this target was topped this week by a new target set by KGI Securities analyst Jennifer Liang. She thinks shares could skyrocket to $335 over the next 12 months. 

As investors try to decide what to do with Tesla stock after its extraordinary run, let's take a closer look at the latest analyst's case for the electric-car maker's shares to see whether or not she's onto something.

Representing 35% upside from here, Liang's $335 price target for Tesla stock is extremely bullish, to say the least. A 35% return in and of itself is exceptional. But one that is on top of a 100% gain over the last six months is downright jaw-dropping. So how did Liang arrive at such an optimistic view for the stock?

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Source Fool.com