AlphAIAlphAI — Financial news for AI agents
finance.yahoo.comOCT 222 min read$TSLA

Dan Ives Sees 29% Upside for Tesla and Meta Stocks After Earnings

Wedbush analyst Dan Ives maintains Outperform ratings for Tesla (TSLA) and Meta (META) with $500 and $900 price targets. Tesla reported Q3 revenue of $28.05B, beating EPS estimates, while Meta saw 26% revenue growth. Ives sees long-term potential in Tesla's autonomous driving and a possible merger with SpaceX, and highlights Meta's AI-powered advertising tools.

Original reporting
finance.yahoo.com
Published Oct 22, 2026, 1:03 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 22, 2026, 1:14 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
Dan Ives Sees 29% Upside for Tesla and Meta Stocks After Earnings — source image
Source · finance.yahoo.com
Decision brief

The 30-second read

$TSLABullishMed
01

Why it matters

The earnings beats and upgraded targets provide fresh, material information that could drive short‑term buying pressure in both stocks.

02

Market read

Earnings beats and higher price targets for two mega‑cap tech stocks create a notable short‑term trading opportunity.

03

What to watch

Tesla's rising operating expenses and Meta's reliance on ad pricing could limit upside.

Relevance 8/10Novelty 8/10Timing: after-hours reaction

Background

Analyst Dan Ives upgraded his outlook on Tesla and Meta following their Q3 earnings releases, assigning new price targets of $500 and $900 respectively.

Company-level read

Ticker impact

$TSLABullishHigh confidence
Context

Tesla reported Q3 revenue of $28.05B and adjusted EPS of $0.48, beating expectations, and received a $500 price target from Dan Ives.

Expected impact

likely upward pressure as the market prices in the earnings beat and higher target.

Evidence & confidence

Earnings beat and a sizable price target increase provide a fresh catalyst for short‑term buying.

$METABullishHigh confidence
Context

Meta posted Q3 revenue of $64.6B, up 26%, and received a $900 price target from Dan Ives after the earnings release.

Expected impact

likely upward pressure as investors digest the revenue beat and new target.

Evidence & confidence

Revenue beat and a substantial price‑target raise give a clear, actionable signal.

Market effects

Sector

Both the automotive AI/EV sector and digital advertising may see renewed investor interest.

Regional

U.S. large‑cap tech indices could receive a modest boost.

Global

Positive earnings from two global tech leaders reinforce broader market optimism.

Counterpoint

What could challenge this read

The earnings beat may already be priced in; the price targets could be overly optimistic given macro headwinds.

Key entities

  • Analyst
    Dan Ives

    Wedbush analyst who issued the price targets.

  • Company
    Tesla, Inc.

    Reported Q3 earnings and received a $500 price target.

  • Company
    Meta Platforms, Inc.

    Reported Q3 earnings and received a $900 price target.

Read at source← All news

StoryWedbush analyst Dan Ives maintains Outperform ratings and $500/$900 price targets for Tesla and Meta after earnings

Also covered by

2 outlets

Related articles

OCT 23
$METAHigh

Meta Announces Zuckerberg-Favorable Stock Split: Here’s Our Game Plan

Meta (META) plans a 2-for-1 stock split, issuing non-voting class C shares, diluting shareholder voting rights. The split, effective January 19, does not create value. Meta's earnings beat estimates at $3.83 per share, with revenue of $64.6 billion. Analysts raised price targets, with Barclays setting $880 and RBC $800. The stock closed at $650, with support levels at $625 and $632.

pro.thestreet.com2 min
OCT 23
$TSLAMed

Tesla’s $10B solar factory could get 35 years of tax breaks in Texas

Tesla's $10B 'Project Crystal Sun' solar factory in Texas may receive up to 35 years of local tax breaks, including 10 years of no county tax on equipment and 20 years of 90% rebates. Fort Bend County approved four agreements, but Tesla hasn't committed to the project. The factory aims to create 9,712 jobs and start production by 2029.

electrek.co2 min
OCT 23
$METAHighAI 8/10

META Stock Falls 7% to $648.85 as AI Spending Pushes Free Cash Flow Negative

Meta Platforms (META) closed at $648.85, down 7% after reporting Q3 revenue of $64.6B, beating estimates. EPS was $3.83, but operating income fell 37%. Free cash flow turned negative at $2.1B due to $34.9B in capital spending. Q4 guidance was above expectations, with revenue forecasted between $73B and $76B. Analysts' price targets range from $650 to $995.

fxleaders.com2 min
OCT 23
$METAMed

BofA names Meta a top AI pick, raises price target on stronger ad growth

Bank of America raised its price target on Meta Platforms (META) to $845 from $810, citing stronger ad growth and AI investments. Meta reported Q3 revenue of $64.6B, up 26% YoY, and forecast Q4 revenue of $73B-$76B. BofA highlighted AI-driven improvements in ad targeting and user engagement, with new revenue streams expected from Muse AI and enterprise services by 2027. Despite higher costs, BofA maintained a buy rating, noting Meta's attractive valuation and growth prospects.

investing.com2 min