ARK's Expected Value For Tesla In 2029 Is $2,600 Per Share; ARK Invest, In Bullish Analysis, Says Probability That Tesla Could Be Worth $3,100 Per Share Or More In 2029 Is 25%
Portfolio Pulse from Benzinga Newsdesk
ARK Invest has released a bullish analysis predicting that Tesla's stock could reach $2,600 per share by 2029. They also estimate a 25% probability that Tesla could be worth $3,100 per share or more by the same year.
June 12, 2024 | 12:59 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
ARK Invest's bullish analysis on Tesla could positively impact the ARK Innovation ETF, which holds a significant position in Tesla.
Given ARK Innovation ETF's significant holdings in Tesla, positive sentiment and potential price increases in Tesla's stock could lead to gains for ARKK.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
ARK Invest's bullish analysis predicts Tesla's stock could reach $2,600 per share by 2029, with a 25% chance of hitting $3,100 or more.
The bullish price target from ARK Invest is likely to positively influence investor sentiment and drive short-term buying interest in Tesla's stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100