UPDATE: Tesla (TSLA) PT Raised to $750 at Canaccord Genuity
(updating comment)
Canaccord Genuity analyst Jed Dorsheimer raised the price target on Tesla (NASDAQ: TSLA) to $750.00 (from $515.00) while maintaining a Buy rating.
The analyst comments "We maintain our BUY rating and are setting a new PT of $750 based upon applying a 30x multiple to our new FY21 EPS estimate of $25.03. We see this multiple as appropriately reflecting the large opportunity that the company has in disrupting the legacy transportation industry."