“Goldman analyst Patrick Archambault also outlined several optimistic scenarios where shares could feasibly trade well above current levels,” Russolillo reports. “‘If Tesla’s auto business were to be truly disruptive (to the whole auto industry, not just luxury vehicles), then there would be considerable upside,’ Mr. Archambault wrote. ‘To measure what is truly transformational, we need [to] draw on the experience of past technologies like the iPhone, the Ford Model-T, and selected consumer durables like refrigerators/laundry appliances/dishwashers. All of these were new technologies that were widely adopted and radically revolutionized consumption patterns.’”
“Goldman comes up with a $200 price target… some 20% below Tuesday’s closing level of $240.04,” Russolillo reports. “Not exactly an overly optimistic forecast.”
Read more in the full article here.
MacDailyNews Take: There was only one Steve Jobs. We’d be extremely lucky to get someone like him once per century.
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