7/103 sources · 2 publishersUpdated Oct 8, 21:23 UTC
UBS raises Tesla price target to $391 while keeping neutral rating
UBS kept its Neutral rating on Tesla Inc. and lifted its price target from $385 to $391. The firm noted that Tesla beat vehicle‑delivery estimates by about 5% but fell short on energy‑deployment numbers. UBS said the modest target increase reflects a revised valuation and earnings outlook. The stock was trading around $376‑$378 at the time of the updates.
Why it matters
UBS expects the higher target to push the fair‑value estimate upward, which could influence investors’ valuation models. The unchanged rating signals that UBS still sees limited upside beyond the new target.
Key facts
- 1UBS maintained a Neutral rating on Tesla. investing.com
- 2UBS raised its price target from $385 to $391. marketscreener.com
- 3Tesla beat consensus delivery estimates by 5%. investing.com
- 4Energy deployment figures were below expectations. investing.com
- 5Tesla shares traded at $378.40. investing.com
- 6Tesla shares traded at $377.64. marketscreener.com
Open questions
- Three different intraday prices are reported ($378.40, $377.64, $375.22).
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.