The US stock market is gearing up for a massive overhaul. With Donald Trump and Elon Musk gearing up to run the administrative reins of the nation, the US equity market is also bracing for new changes, with these three stocks in the queue to peak and shoot up in particular.
Also Read: Indian Rupee Can Drop to 90-92 Levels Against the US Dollar in 2025
3 Stocks That May Rise When Musk Officially Starts Running D.O.G.E
1. Tesla (TSLA)
Tesla is one of the leading firms standing at the precipice of change and innovation. Once Musk officially starts running the D.O.G.E. department, each of his decisions may cause a ripple effect, impacting Tesla’s price as the company is closely associated with Musk in all forms and sentiments. Per CNBC, Tesla stocks may be up for a haul as Trump may introduce a new regulatory structure in the self-driving domain, making room for flexible policies.
Per TipRanks, TSLA may surge to hit a new stock price point of $515 within the span of the next 12 months.
“Based on 34 Wall Street analysts offering 12-month price targets for Tesla in the last 3 months. The average price target is $320.90 with a high forecast of $515.00 and a low forecast of $24.86. The average price target represents a -18.75% change from the last price of $394.94.”
2. Microstrategy (MSTR)
Microstrategy is another leading stock that could receive a major boost once Musk officially starts to commence the D.O.G.E. department proceedings. As Microstrategy is a huge Bitcoin loyalist, the pro-crypto regime under Trump and Musk could usher in a positive crypto momentum across the board, helping MSTR gain global attention and activity. This development, in the long haul, could end up inflating Microstrategy’s stock prices.
Per TipRanks, Microstrategy may surge to hit a new stock mark of $650 within the next 12 months.
“Based on 8 Wall Street analysts offering 12-month price targets for Microstrategy in the last 3 months. The average price target is $529.57 with a high forecast of $650.00 and a low forecast of $312.00. The average price target represents a 59.65% change from the last price of $331.70.”
Also Read: Bitcoin: Department Of Justice Cleared To Sell $6.5 Billion BTC
3. Coinbase (COIN)
Coinbase is another leading company that is set to benefit once Elon Musk officially starts running the D.OG.E. department. The Trump-Musk camaraderie is proving influential for the crypto realm. Their authoritative stance and promises to help the cryptocurrency domain flourish are what may help Coinbase stocks gain significant price momentum.
Per TipRanks, COIN may surge to sit at a new price point of $420 within the span of the next 12 months.
“Based on 21 Wall Street analysts offering 12-month price targets for Coinbase Global in the last 3 months. The average price target is $300.33 with a high forecast of $420.00 and a low forecast of $170.00. The average price target represents a 15.51% change from the last price of $260.01.”
Also Read: Trump’s NFTs Make History: First-Ever Launch on Bitcoin Network!
