Why Tesla Stock Jumped (Again) Wednesday
Shares of Tesla (NASDAQ: TSLA) jumped sharply on Wednesday, rising 4.9% by the time the market closed. The stock's gain today adds to a bullish run over the last three months, and it follows optimistic commentary from an analyst Tuesday afternoon.
Tesla stock could hit $556 within 12 months, Argus Research analyst Bill Selesky said in a note to investors on Tuesday. That price target is the highest on the Street -- and it's up from his previous 12-month price target of $396. As of the closing price of $492.14 on Wednesday, the price target implies 13% upside.
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Source Fool.com
