Credit Suisse Doubles Tesla Price Target: 'Priced For Perfection'
Portfolio Pulse from Priya Nigam
Credit Suisse has doubled its price target for Tesla, citing several positive catalysts such as upcoming earnings, Battery Day, and S&P 500 inclusion. Tesla's capacity expansion plans are highlighted as a major driver for future growth.
July 17, 2020 | 3:03 pm
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Credit Suisse has raised Tesla's price target from $700 to $1,400, maintaining a Neutral rating. Positive catalysts include upcoming earnings, Battery Day, and S&P 500 inclusion. Tesla's capacity expansion is a key growth driver.
The doubling of the price target by Credit Suisse is a significant positive signal for investors, indicating strong future growth prospects. The mention of specific catalysts like earnings, Battery Day, and S&P 500 inclusion further supports a positive short-term outlook. The focus on capacity expansion highlights Tesla's growth potential, which is likely to drive investor interest and stock price upward.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100