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Barclays upgrades Tesla to 'Buy' with $450 target after strong Q3 and SpaceX merger potential.

Analyst Insights
26 Oct 2026, 14:20 WIB
Finbold
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Bullish
Barclays upgrades Tesla to 'Buy' with $450 target after strong Q3 and SpaceX merger potential.

Barclays analyst Dan Levy upgraded Tesla stock from 'Hold' to 'Buy' and raised the 12-month price target from $370 to $450 following Tesla's strong Q3 earnings and potential SpaceX merger. The upgrade reflects optimism about Tesla's growth in self-driving technology, energy business, and Robotaxi miles driven. Despite mixed overall Wall Street views, the average price target for Tesla is $414.25, signaling a positive outlook. Tesla's stock has gained over 4% in the past month but remains down 15% year-to-date.

Tesla trades at USD 378.91 on Pluang as of Oct 26, 2026 18:11 WIB, up 1.82% in one day. The stock's market cap stands at $1.47 trillion with a 52-week high of $489.88. SpaceX shares also rose slightly, priced at USD 147.90, gaining 0.28% on the same day, with a market cap of $2.00 trillion.

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