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Piper Sandler raised its price target onto a street high, saying the electric automaker's push into other areas of clean energy will drive the stock higher.
The firm's analyst Alexander Potter raised his price target to $928 per share, up from $729. That is the highest near-term target among major analysts, but is below where the stock peaked during its rapid rise earlier this month. The stock was trading at roughly $917 per share in the premarket on Wednesday, about 1% below Piper's target and roughly 7% above where shares closed on Tuesday.
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