Ark's TSLA target put into perspective

 This news article puts Ark's Tesla (TSLA) target into perspective:

Tesla Stock Is A Screaming Buy Now If Cathie Wood's Ark Is Right

Matt Krantz   08:00 AM ET 03/22/2021

Cathie Wood's Ark Invest just put out its much awaited 2025 price target on Tesla stock. And it's a bold one for this S&P 500 member: $3,000 a share by 2025.

If Ark is right, that means there's still nearly 360% in potential upside in Tesla (TSLA) stock from Friday's close of 654.87. A gain that massive would make Tesla worth upwards of $2.9 trillion — more than any S&P 500 company is worth now, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith. Apple (AAPL) is currently the most valuable S&P 500 company at $2.01 trillion.

Read more: https://www.investors.com/etfs-and-funds/sectors/tesla-stock-worth-exactly-much-now-cathie-woods-ark-says/

Price forecast for TSLA

I plan to keep track of some of the wilder forecasts for the share price of Telsa Inc. (NASDAQ: TSLA). Today, I saw this:

Cathie Wood's Ark expects Tesla stock to reach $3000 by 2025

MARCH 20, 20218:47 PM UPDATED 13 HOURS AGO

(Reuters) - Cathie Wood’s Ark Invest said it expects Tesla Inc’s share price to reach the $3,000 mark by 2025.

Ark expects Tesla's market capitalization to reach as high as $4 trillion in the best-case scenario, according to a research note published here on Friday.

The investment management firm set the price target for Tesla at $1,500 per share on a bear basis by 2025 and $4,000 per share on a bull basis.

Read more: https://www.reuters.com/article/us-tesla-ark-invest/cathie-woods-ark-expects-tesla-stock-to-reach-3000-by-2025-idUSKBN2BC0O9