TSLA Stock Price Prediction: Why (and When) One Analyst Sees Tesla Soaring to $1,580

InvestorPlace2021-12-09

A new price prediction is in for Tesla(NASDAQ:TSLA) stock today and it has one analyst expecting major gains in not much time.

New Street analyst Pierre Ferragu is the analyst behind the new price prediction for TSLA stock today. He increased the firm’s price target for the shares from $1,298 to $1,580. Ferragu’s price target is incredibly bullish compared to his peers. The consensus price target for TLSA is sitting at$798.24.

Of course, today’s news isn’t just that the New Street analyst is expecting major gains from Telsa, it’s also how quickly he expects them. Ferragu is estimating that TSLA stock will be trading at his price prediction by the end of the year.

It’s also worth pointing out that the new price target has Ferragu keeping a buy rating for TSLA. For comparison, the analyst consensus rating is hold. That comes from 14 buys, 10, holds, and 10 sells.

So why is this analyst taking such a bullish stance on TSLA stock? First off, the New Street analyst thinks that Tesla will surpass delivery estimates of 266,000 units in Q4. This has him predicting between 280,000 and 285,000 deliveries during the period.

Another reason for the bull position from Ferragu is high expectations for the company’s Shanghai plant. The analyst believes that this plan as an annual turnout of over 700,000 vehicles. That’s much higher than the initial 450,000 unit target.

TSLA stock rose 1.64% on Wednesday.

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精彩评论

  • LimLS
    2021-12-10
    LimLS
    $1580 by end of this year? I'm vested and optimistic of Tesla and it's delivery numbers. But to call for $1580 with only 3 weeks left in 2021 is way too optimistic. I'm happy enough for Tesla to stay above $1000 by end 2021. One step at a time. There's no rush
    • letgo09
      Don't expect too much. Tesla may close at less than $900 at the end of the year.
    • cutieee
      Tesla's share price will continue to fall. The company is overvalued, and Musk has been selling stocks.$1580 will never come true.
  • Jypsy
    2021-12-10
    Jypsy
    👍
  • CarmenSun
    2021-12-10
    CarmenSun
    Ok
  • DylDyl
    2021-12-09
    DylDyl
    Not so soon I think
  • FannyNg
    2021-12-09
    FannyNg
    Still overpriced, pushing good news to pump up share price? Very risky. 
  • 特斯拉粉丝1987
    2021-12-09
    特斯拉粉丝1987
    我们都相信
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