There's a new biggest Tesla bull on Wall Street — and they expect the stock to surge 23% in 2020
bull on Wall Street. Jed Dorsheimer, an analyst at Canaccord Genuity, raised his price target to $515 from $375 Thursday, saying that electric vehicles will "only accelerate in 2020."
It's now the highest price target for the automaker from a major brokerage, and falls just short of the street-high price of $530 from Pierre Ferragu at New Street Research. Dorsheimer maintained his "buy" rating on Tesla. "While bears have feared demand issues as a function of tax credit expiration for Tesla, we suspect a solid Q4 combined with the robust Q3 should put these fears to rest," Dorsheimer wrote.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
23 Movies Everyone Will Be Talking About in 2020Indie highlights, blockbuster sequels, and live-action remakes abound.
Read more »
Retirement saving to be harder in 2020, advice from BlackRock's Rieder - Business InsiderBlackRock's $1.7 trillion bond chief explains why it's about to become much harder to save for retirement — and shares his best advice for doing it successfully
Read more »
Why tech companies are updating their privacy policy in time for 2020 - Business InsiderHere's why Facebook, Google, and every other major tech company are updating their privacy policy in time for 2020, and what it means for you
Read more »
Money decisions you can feel good about going into 2020 - Business InsiderIt's common to overspend and overindulge during the holidays, but there's still time to get back on track with good money decisions.
Read more »
9 hiring trends to look out for in 2020, according to workplace experts - Business InsiderCandidates will be looking for great benefits, like insurance and flexible work perks. And recruiting technology will continue to play a bigger role.
Read more »
Apple's stock could be worth $100 more in 2020, tech analyst Gene Munster predictsIf you missed Apple's 2019 record rally, there may still be time to make big profits.
Read more »