Dan Ives Sees 29% Upside for Tesla and Meta Stocks After Earning
Wedbush analyst Dan Ives maintains Outperform ratings for Tesla (TSLA) and Meta (META) with $500 and $900 price targets, respectively, after Q3 earnings. Tesla reported $28.05B revenue and 48c EPS, while Meta saw 26% revenue growth to $64.6B. Ives cites long-term potential in AI and strategic benefits from a potential Tesla-SpaceX merger.
How this was made
The 30-second read
Why it matters
Analyst upgrades with sizable price targets can drive short‑term buying pressure, especially after earnings beats.
Market read
Analyst price‑target upgrades for two large‑cap tech stocks after earnings could prompt buying and lift related indices.
What to watch
Potential regulatory scrutiny on AI and data privacy could temper upside.
Background
The article reports analyst Dan Ives' post‑earnings outlook for Tesla and Meta, including new price targets and an Outperform rating.
Ticker impact
Analyst Dan Ives maintains an Outperform rating and a $500 price target for Tesla after its Q3 earnings beat.
likely upward pressure as investors price in the higher target.
The target is substantially above current price and follows a beat on earnings, which can attract buying.
Analyst Dan Ives maintains an Outperform rating and a $900 price target for Meta after its Q3 earnings beat and strong ad revenue growth.
likely upward pressure as the market absorbs the higher target.
The target is well above current levels and follows a beat on earnings, supporting a bullish view.
Market effects
Positive sentiment may spill over to the broader tech and AI sectors.
U.S. market may see modest gains in large‑cap tech indices.
Elevated targets for two mega‑caps could influence global tech sentiment.
Counterpoint
Some investors may view the high targets as overly optimistic given macro uncertainties.
Key entities
- AnalystDan Ives
Wedbush analyst providing the outlook.
- CompanyTesla
Electric vehicle maker with Q3 earnings beat.
- CompanyMeta Platforms
Social media giant with strong ad revenue growth.



