TSLA - Cathie Wood Just Put a $2600 Price Target on Tesla. With the Stock Down 54% From Its Highs Is Now the Time to Buy?
2024-06-20 05:47:00 ET
Cathie Wood is not shy about making bold predictions especially when it comes to the top holding of her flagship Ark Innovation ETF .
Wood has a history of setting lofty targets for her favorite stock, Tesla (NASDAQ: TSLA) , which has had a difficult time recently, down 54% from its high in 2021 and about 25% lower on the year. This poor performance, meanwhile, has come while the S&P 500 has been hitting new all-time highs. Clearly, Tesla has not been along for the ride.
Let's look at Wood's latest Tesla prediction and whether there is a realistic chance of the stock hitting her target price.
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Cathie Wood Just Put a $2,600 Price Target on Tesla. With the Stock Down 54% From Its Highs, Is Now the Time to Buy?