One Wall Street institution seems to think that Tesla (NASDAQ:TSLA) is preparing for a comeback. Analyst Mark Delaney of Goldman Sachs raised his price target for the electric vehicle producer from $175 to $248.

This substantial increase follows Tesla’s recent delivery beat, in which it reported 444,000 deliveries for Q2 instead of the 439,000 that analysts expected.

Does this mean that investors should expect Tesla stock to keep up the momentum? Shares have been on an upward streak for 11 straight days of gains. Let’s take a closer look at this recent Wall Street prediction and assess what it’s likely to mean.