This Growth Stock Has 365% Upside, According to Cathie Wood
Cathie Wood has long been bullish on Tesla (NASDAQ: TSLA). In fact, she made a name for her asset management firm (ARK Invest) in 2019 when she put a $4,000 price target on the stock. Since then, shares have undergone a 5-for-1 split, meaning that her original share price target now corresponds to $800.
Of course, Tesla stock hit $900 a share earlier this year. And though it's fallen by 27% since then, Wood is more bullish than ever. In fact, ARK Invest recently bumped its price target to $3,000 per share by 2025. That represents 365% upside, or an annualized return of 47% over the next four years.
So, should you add Tesla to your portfolio? Let's take a look under the hood.
Source Fool.com
