Tesla's blowout quarterly profit justifies some of its 260% stock run-up this year. And it also ups the odds the stock will join the S&P 500 . But analysts still think Tesla shares, plus many others, are grossly overvalued.
Tesla ( TSLA ) is just one of eight major large-cap stocks, including health care's West Pharmaceuticals ( WST ) and Abiomed ( ABMD ) plus industrial Old Dominion Freight Line ( ODFL ), trading 18% or more past analysts' 12-month price targets. This is based on an Investor's Business of data from S&P Global Market Intelligence and MarketSmith.