7/102 sources · 2 publishersUpdated Oct 22, 13:20 UTC
Wedbush analyst Dan Ives maintains Outperform ratings and price targets for Tesla and Meta after Q3 earnings
Dan Ives of Wedbush kept Outperform ratings on Tesla (TSLA) and Meta (META) following their Q3 results. Tesla posted revenue of $28.05 billion and earnings of 48c per share, while Meta reported revenue of $64.6 billion, up 26% year‑over‑year. Ives set price targets of $500 for Tesla and $900 for Meta and highlighted long‑term AI opportunities and a possible Tesla‑SpaceX merger.
Why it matters
Ives expects the price targets imply roughly 29% upside for both stocks, which could influence investor positioning and target‑price models. The analyst’s view may affect demand for the shares as traders adjust to the new targets.
Key facts
- 1Tesla reported Q3 revenue of $28.05 billion. gurufocus.com
- 2Tesla’s Q3 earnings per share were 48c. gurufocus.com
- 3Meta’s Q3 revenue was $64.6 billion, a 26% increase year‑over‑year. gurufocus.com
- 4Dan Ives set a price target of $500 for Tesla. gurufocus.com
- 5Dan Ives set a price target of $900 for Meta. gurufocus.com
- 6Ives maintained Outperform ratings on both stocks. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.