He has a strong buy recommendation on the stock and a target share price of $110.
However, Investec issued a note on Friday cutting its forecast and setting a target share price of 60p.
In a typical war-gaming process, team members define marketing goals (such as a certain revenue target, share goal, or margin goal), often across multiple products and markets.
Once Mr. Musk's tweet about taking Tesla private was posted, speculation was rife that his target share price, $420, held an implicit message — the number has become code for marijuana in counterculture lore.
Central banks should not target share prices or exchange rates as such, but they should keep an eye on them and sometimes use interest rates to prevent bubbles developing even if inflation is expected to remain on target.
The term that most people use is 'uninvestable.'" Shareholders seemed to support the initiatives suggested by Corvex and Related, who in the filing said that with better management, CommonWealth could hit a target share price of $50.
And based on traffic to the registration Web site and brokerage house estimates, retail investors are not turning up in the previously expected droves -- perhaps, in part, because the target share price of $108 to $135 is scaring off some of the little guys.
In a stock-financed merger, the target shareholders receive a fixed number of shares in the combined company for each target share, called the "exchange ratio". The post-merger EPS is mainly determined by the stand-alone EPS of the acquirer and target, the incremental earnings from deal synergies, and the number of shares issued by the acquirer to finance the deal.
