Tesla has 104% upside potential in bull-case scenario as global demand for EVs hits tipping point, Wedbush says

Tesla model S
  • Tesla’s inclusion in the S&P 500 and its “sustained path to profitability” means the bull story is now all about an acceleration in demand for electric vehicles, according to a note from Wedbush.
  • As global demand for EVs hits a tipping point, Tesla could surge 104% in a bull-case scenario to $1,000, Wedbush said in the note.
  • “New designs around Cybertruck and Model Y will further aid growth globally and thus enable Tesla to achieve its million delivery units likely by 2023,” Wedbush said.
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An inflection point in global demand for electric vehicles will propel Tesla to $1,000 in a bull-case scenario, representing potential upside of 104% from Friday’s close.

That’s according to Wedbush, who said in a note on Sunday that Tesla’s inclusion in the S&P 500 and its “sustained path to profitability” means the bull story

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[Updated 11/20/2020] Toyota Motors Update

Having gained more than 28% since the March 23rd lows, Toyota Motors’ stock (NYSE: TM) has only 5% upside left. TM’s stock has rallied from $111 to $142 off the recent bottom compared to the S&P 500 which moved 60%. The company has seen a steady revenue rise over recent years, and its P/E multiple has risen. We believe the stock, after the recent rally, is close to its near term potential. Our dashboard What Factors Drove 15.9% Change In Toyota Motors Stock Between 2018 And Now? has the underlying numbers.

Due to the Covid-19 crisis, Toyota Motors, one of the world’s largest automobile companies, has seen its

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Analysts highly recommend this telecom service share, with an upside of 40%

Analysts are highly positive on Bharti Airtel, the flagship company of Bharti Enterprises. They see an upside of up to 40% from the current market price in the next one year. Axis Securities recommend to buy the stock with a target price of 676, Motilal Oswal has kept the target at 650, HDFC Securities has put a target price of 597, Dolat Research has kept the target at 605 per share. Analysts are impressed by the rise in Bharti Airtel’s ARPU (Average revenue per user) sequentially for the fourth straight quarter. Currently, a share of Bharti Airtel is trading at 480. In last 1 year Bharti Airtel Ltd, has beaten Nifty 50 by 25.18% (CAGR difference).

“Bharti’s execution has been top-notch in the last few quarters, evident from strong 16% India Mobile EBITDA growth cumulatively in the last two quarters. Robust 10m subscriber adds lead to

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