To The Moon

This analyst thinks shares could soar 53% over the next 12 months.Shares of Tesla popped on Monday, rising nearly 4%. The gain followed an analyst's move to give the stock a significant price target increase. Canaccord Genuity analyst Jed Dorsheimer now thinks the electric-car maker's shares could rise to $1,071 within the next 12 months.After the growth stock hit an all-time high of just over $900 earlier this year, it slid sharply during part of February and the beginning of March. Has the pu

Summary Even despite Cathie's $3,000 price target, we think that Tesla is overhyped and overvalued.