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Tesla will surge another 24% over the next year as it grows to $100 billion in revenue by 2025, says new biggest bull on Wall Street (TSLA)

Tesla will surge another 24% over the next year as it grows to $100 billion in revenue by 2025, says new biggest bull on Wall Street (TSLA)




JMP Securities on Monday boosted its Tesla price target to $1,500, the most bullish target on Wall Street.A 




Shares of Tesla surged as much as 11% to a new all time high of $1,342 on Monday.




The target price is based on a trajectory of Tesla becoming a company with $100 billion in revenue by 2025. It's 24% higher than where shares of Tesla traded at Thursday's close.




Watch Tesla trade live on Markets Insider.




Read more on Business Insider.A 




Tesla's epic rally continues to gain steam.
The automaker surged as much as 11% to an all-time intraday high of $1,342 per share on Monday after Joe Osha - an analyst at JMP Securities - boosted his price target on the company to a Wall Street high of $1,500. That implies that Tesla could surge another 24% this year.A 
The bullish upgrade from JMP comes after the company reported second quarter deliveries that exceeded analysts expectations - the company reported 90,650 unites where the average estimate was about 70,300.A 
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