Barclays upgraded Tesla to Overweight from Equal Weight and raised its 12-month price target to $450 from $370, according to an October 26 BlockBeats report.
Reasons cited for the upgrade
The report said Barclays pointed to an improving outlook for Tesla’s core automotive business, signs of a turning point in its Robotaxi operation and strong demand for energy storage as potential supports for the company’s valuation.
Source: BlockBeats, 2026-10-26 10:54:32 UTC.