Tesla has a new biggest bull on Wall Street that thinks it could surge 46% on strong growth potential
just gained a new biggest bull on Wall Street even after falling amid a market-wide sell-off on coronavirus fears.
"Investors may find themselves with additional near-term opportunities to buy the stock as TSLA works through the first half of 2020 and the impact of COVID-19 becomes apparent," Osha said. On Monday, Morgan Stanley analyst Adam Jonas cautioned Tesla investorsOsha thinks that looking at the longer-term potential for Tesla's growth"suggests the stock should be more highly valued on the 2021 outlook than it currently is.
Tesla could expand production to hit 1.8 million units by 2025 — more than three times its 2020 forecast — without gaining additional market share, Osha wrote. JMP estimates that Tesla holds about 40% of the total addressable market, an amount other dominant companies have maintained over time.
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