Barclays upgrades Tesla to Overweight and lifts price target to $450, sparking pre‑market gains
+1 new source since this summary was written
Barclays analyst Dan Levy upgraded Tesla (TSLA) to Overweight and raised his price target from $370 to $450, citing an expected SpaceX merger, a rebound in the auto segment and early Robotaxi traction. The upgrade pushed Tesla shares up about 2% in pre‑market trading, with the stock trading near $379. The move was reinforced by Mizuho, which also raised its target to $460 while keeping an Outperform rating.
Why it matters
The higher targets imply roughly 20% upside from current levels, which may attract buying interest and support the stock’s recent rally. Investors will watch the potential SpaceX combination and Robotaxi progress as catalysts for further price appreciation.
Key facts
- 1Barclays upgraded Tesla to Overweight from Equalweight. tipranks.com
- 2Barclays lifted its price target to $450 from $370. tipranks.com
- 3Tesla stock rose 1.93% to $379.36 in pre‑market trading. tipranks.com
- 4Mizuho raised its price target on Tesla to $460 and kept an Outperform rating. investing.com
- 5Tesla stock rose about 2.0% in pre‑open trading, reaching $379.69. investing.com
- 6Barclays cited a likely SpaceX merger, improving auto business and Robotaxi progress as reasons for the upgrade. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.