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Piper Sandler has a new Wall Street-high price target for Tesla shares, but the stock is already nearing the lofty target in early Wednesday trading.
The research firm boosted its price target to $928 per share from $729 on Tuesday, praising "the superiority of Tesla's products" and its ability to turn customers "into unwitting climate warriors." The company's ability to combine flashy technology, blistering acceleration, and eco-friendliness has paid off, analysts Alexander Potter and Winnie Dong said. Tesla will now need to focus on its solar business if it seeks to further dominate the electric vehicle sector, they added.See the rest of the story at Business Insider
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