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Tesla Stock Will Surge 27% to $500, According to This Analyst

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Tesla Stock Will Surge 27% to $500, According to This Analyst

Tesla's (NASDAQ: TSLA) new battery technology promises to accelerate the growth of the electric-vehicle market and widen its lead over its rivals.

So says Deutsche Bank analyst Emmanuel Rosner. On Wednesday, Rosner raised his rating from Tesla's shares from hold to buy and boosted his price forecast from $400 to $500. His new target represents potential gains for shareholders of roughly 27% from the stock's current price near $395.

Deutsche Bank analyst Emmanuel Rosner sees plenty of upside ahead for Tesla's investors. Image source: Getty Images.

Source Fool.com

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