I think Tesla is the best example of Wall street pumping stocks and setting ridiculous price targets only because they have to. If there Price target gets met and they have a lot of clients holding the stock what do they do, raise the price even higher. Why? Because they can and because they have to set a new goal post. If you have a price target of $500 on Tesla and its at $600, how does that look? Overvalued. Momentum is there, so you raise it to $1000. Analyst price targets should be more tightly regulated by the SEC to protect investors.
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