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Veteran Bank Revamps Tesla Stock Price Target for 2027
GuruFocus ·
GuruFocus reports: Tesla (TSLA) is being valued more on expectations for its artificial-intelligence and autonomous-driving businesses than on current financial results, according to a Wednesday UBS note. UBS analyst Joseph Spak raised his price target to $391 from $385 and maintained a Buy rating. Tesla shares have fallen 15.9% this year and 16.6% over the past 12 months, although the stock has climbed more than 7% over the past week. The gap between earnings and the share price remains…