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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.29

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Nov 7 4:00 PM EST

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To: TobagoJack who wrote (163461)	10/7/2020 9:24:53 PM
From: Julius Wong	Read Replies (3) of 217580

Tesla wins Street-high $578 price target as New Street sees 'hyper growth' Oct. 7, 2020 6:34 PM ET\|About: Tesla, Inc. (TSLA)\|By: Carl Surran, SA News Editor Tesla (NASDAQ: TSLA) gains a new bull as New Street Research analyst Pierre Ferragu upgrades shares to Buy from Neutral and raises his price target to a Street-high $578 from $400 previously, saying the company has a "decade of hyper growth ahead" and has "no credible competition on the horizon." The company now addresses the entire premium segment, with high-end and mid-end sedan and SUV models, which is an 8M-unit market globally, New Street analyst Pierre Ferragu notes. "Amazon has traded in the 50x-100x earnings range for over a decade, and we expect Tesla to follow suit," Ferragu writes.

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