Piper raised its target to $928 from $729, making it the most bullish estimate.
By Bloomberg |
AP
The shares — which have more than doubled in the past four months — rose 8.1 per cent in premarket trading and surpassed the record high close of $887.06 reached February 4.
Tesla Inc’s potential success in energy generation and storage will be the next big thing to fuel the rally that’s already caused the stock to almost triple in the past year, analysts at Piper Sandler said as they increased their price target by more than 27 per cent. Piper raised its target to $928 from $729, making it the most bullish estimate among among those tracked by Bloomberg. The shares — which have more than doubled in the past four months — rose 8.1 per cent in premarket trading and surpassed the record high close of $887.06 reached February 4.
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