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Tesla holds onto to recent gains with bullish analyst target of $2,300

Wall Street darling Tesla is holding onto its recent gains today on the back of a bullish analyst report, despite some weakness in tech shares.
Tesla has seen its value skyrocket in recent quarters, rising from a 52-week low share price of $211 to $1,548.81 today. That figure, however, is low in the eyes of some. Enter Piper Sandler.
The Piper analyst report, which was first released late Monday, gives Tesla a new price target of $2,322, up from the group’s prior price target of a little over $900 per share. The stock still has room to run, some believe, perhaps explaining some of the mania that related companies have seen in recent weeks, including fellow electric car manufacturers Nikola, Nio, and others.
It was enough to prompt a “wow” from Tesla CEO Elon Musk via a tweet Monday evening.


Wow
— Elon Musk (@elonmusk) July 14, 2020
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