ARK Invest Lifts Tesla Stock Price Target. Cathie Wood Is Growing More Bullish.

ARK Invest Lifts Tesla Stock Price Target. Cathie Wood Is Growing More Bullish.

Business
April 22, 2023 by secret
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While many Wall Street analysts cut their price targets on Tesla shares after a disappointing earnings report, Cathie Wood’s ARK Invest went a different direction.  It’s almost a Rite of Spring. On Thursday, ARK lifted its price target for Tesla (ticker: TSLA) from $1,533 (after the stock’s 3:1 split) to $2,000 a share. The average
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While many Wall Street analysts cut their price targets on

Tesla


shares after a disappointing earnings report, Cathie Wood’s ARK Invest went a different direction. 

It’s almost a Rite of Spring. On Thursday, ARK lifted its price target for Tesla (ticker: TSLA) from $1,533 (after the stock’s 3:1 split) to $2,000 a share. The average analysts’ price target for Tesla following its first-quarter results, reported Wednesday, sits at about $192, according to FactSet, down about $10 over the past couple of days. ARK’s target, which is more than 10 times higher than the Street’s number, is for 2027.



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