Philippe Houchois

Jefferies Practically Doubles Its Price Target On Tesla [TSLA]

Jefferies just came pretty close to doubling its price target on Tesla, CNBC has reported. Analyst Philippe Houchois raised Tesla’s price target to what is known as a “Street high.” This number is $1,200 and it is a jump from the previous target of $650. The belief is that COVID-19, the disease that many thought was going to harm Tesla and its stock, did the opposite. It accelerated the transition to EVs and renewables.