Tesla Target to double to 1200$ EV Makers: Tesla Stock's Price Target Doubled
Electric vehicle makers generally gained ground as January sales numbers rolled in. IBD Leaderboard stock Tesla (TSLA) rose 3%, as Piper Sandler more than doubled its price target on the stock to 1,200, from 515. The note projected the company would deliver 894,000 vehicles in 2021, rising to more than nine million units by 2030. The premarket move was enough to boost shares back above the stock's 21-day exponential moving average, if it holds through the open.