"Fun" fact: On April 14, 2022, ARK's Price Targets for $TSLA...
"Fun" fact: On April 14, 2022, ARK's Price Targets for $TSLA, based on Monte Carlo simulations, were as follows:
Bear: $2,900
Base: $4,600
Bear: $2,900
Base: $4,600
Bull: $5,800
These Targets were for 2026; at that time, Tesla's stock price was $328.33. So, even in ARK's "Bear" scenario, the stock would have seen a 783% increase (or ˜196% per year).
On April 20, 2023, ARK's 2027 Price Targets (also based on Monte Carlo simulations) were updated as follows:
Bear: $1,400
Base: $2,000
Bull: $2,500
On average, ARK trimmed its Price Targets by 55% for each scenario. At that time, Tesla's stock price was $162.99; even in ARK's "Bear" scenario, the stock would have seen a 759% increase (˜190% per year).
The chart below illustrates ARK Invest's historical performance relative to a handful of ETFs:
These Targets were for 2026; at that time, Tesla's stock price was $328.33. So, even in ARK's "Bear" scenario, the stock would have seen a 783% increase (or ˜196% per year).
On April 20, 2023, ARK's 2027 Price Targets (also based on Monte Carlo simulations) were updated as follows:
Bear: $1,400
Base: $2,000
Bull: $2,500
On average, ARK trimmed its Price Targets by 55% for each scenario. At that time, Tesla's stock price was $162.99; even in ARK's "Bear" scenario, the stock would have seen a 759% increase (˜190% per year).
The chart below illustrates ARK Invest's historical performance relative to a handful of ETFs:
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