Tesla Price Targets Raised to $400 by Major Banks Ahead of Earnings
What happened: Tesla shares closed at $364.
What happened: Tesla shares closed at $364.27, with Wall Street analysts at Morgan Stanley, Jefferies, and Truist all raising their price targets to $400 or higher. The recent Cybercab launch event is seen as a key catalyst, with Morgan Stanley calling it "key for the stock to outperform through year-end." Tesla's next earnings report is scheduled for October 28, 2026.
Why it matters: The raised targets reflect renewed optimism following the Cybercab launch, but analysts remain divided. Risks include regulatory scrutiny and intensifying competition from Chinese automakers. The spread of analyst targets, ranging from $400 to $442, underscores the uncertainty around Tesla's near-term trajectory.
Source: Watcher Guru