JMP Securities increased its price target to $1,500 from $1,050 after Tesla last Thursday reported higher-than-expected second-quarter vehicle deliveries, defying a trend of plummeting sales in the wider auto industry as the coronavirus pandemic slammed the global economy. “We believe that the question to be considered is not whether the stock is expensive on current valuation measures, but what the company’s growth and competitive position signal about the stock’s potential for the next several years,” JMP Securities analyst Joseph Osha wrote in a client note, predicting that Tesla’s annual sales could hit $100 billion by 2025. JPMorgan, which …read more
Source:: Yahoo Finance
