Tesla shares were upgraded to buy from hold this week by Berenberg, citing the company's "disruptive potential" in the auto industry. The company could have a "near monopolistic" opportunity to gain market share and out-perform rivals, Berenberg writes.
The firm sees Tesla shares surging about 30%.
To be sure, notes like this one have become the norm.
Consumer Edge Research recently upgraded its price target on Tesla's stock to what was then a Wall Street high estimate of $385 in anticipation of the Model 3's release on July 1. The company says it will deliver 5,000 vehicles every week by the end of the year and 10,000 next year.
Tesla's shares fell 0.5% to $369.68 by Monday's close.
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Editor's Pick: Originally published Jun. 13.
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