Cathie Wood’s New Tesla Price Target Is Coming Soon. Here’s Where It Might Land.
Tech disruption guru and ARK Investment founder Cathie Wood says her firm will put out a new price target for Tesla stock soon. No one knows exactly when, but when it arrives it will be a big deal for Tesla fans.The question for investors is what price for Tesla is likely.Wood recently toldBarron’s Jack Houghthat the minimum return expected for a stock going into her portfolio is 15% a year for five years. “That’s a doubling over five years,” she said.There is a useful rule of thumb on Wall Str