And on Wednesday, Tesla reported a profit for the final quarter of 2019 — its second quarterly profit in a row. That and the earnings -- which on a per-share basis exceeded analyst expectations -- sent Tesla’s stock price jumping again, to more than $600 a share. “I think Tesla is correctly valued,” said Ross Gerber, who runs Santa Monica investment firm Gerber Kawasaki with, he said, about 8% of its investments in Tesla. “And the labor cost is low.”Financial data provider Factset reports that the mean target price for Tesla stock among 22 analysts is $399 a share — well below its current price but up nearly 150% over the last six months. AdvertisementThree of those analysts think Tesla shares are ultimately worth $600 or more, and six of them think it’s worth $300 or less, with one analyst’s target as low at $215.

Source: Los Angeles Times January 29, 2020 23:51 UTC