7/102 sources · 2 publishersUpdated Oct 22, 09:35 UTC
Piper Sandler lifts Tesla price target to $475 after strong Q3 results
Piper Sandler raised its price target for Tesla Inc. to $475 per share, up from $450, following the company's third‑quarter 2026 earnings beat. The analyst noted that adjusted earnings were $0.48 per share on revenue of $28.05 billion, both above consensus. After the release, Tesla shares fell about 3% in after‑hours trading, though the stock closed higher the next day.
Why it matters
The higher target suggests Piper Sandler expects further upside for Tesla, which could influence investor sentiment and demand for the stock. The firm’s upgrade may also affect coverage and valuation models used by market participants.
Key facts
- 1Piper Sandler increased its Tesla price target to $475 from $450. investing.com
- 2Tesla reported adjusted earnings of $0.48 per share for Q3 2026. investing.com
- 3Tesla reported Q3 2026 revenue of $28.05 billion. investing.com
- 4Tesla shares were down about 3% in after‑hours trading following the earnings release. investing.com
- 5Tesla closed at $386.47, up 3.41% on the day. marketscreener.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.