Tesla Shares Jump on a Wave of Analyst Upgrades
Tesla shares rose about 6% to $394.5 after a Barclays upgrade and a higher Mizuho target, as merger talk with SpaceX added to investor interest.
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what happened
According to GuruFocus, Tesla shares climbed about 6% to roughly $394.5 in afternoon trading on Monday. Support came from analyst moves: Barclays raised its rating to Overweight from Equal Weight and lifted its target from $370 to $450. Analyst Dan Levy pointed to improving business trends, progress in Robotaxi services and the chance that a SpaceX merger could give Tesla shareholders a premium.
Mizuho also raised its target to $460 and kept an Outperform rating. Earlier, the company's quarterly revenue and earnings per share beat estimates. Investors are also watching autonomous-driving progress and Full Self-Driving adoption.
The merger remains uncertain and would need shareholder approval.
why it matters
For markets, Tesla's stock now depends not only on operating results but also on speculation about a possible deal with SpaceX. Because the shares react to both the business and the deal, volatility may stay elevated until there is more clarity on a merger.
market impact
Tesla and autos: positive analyst views and merger speculation boost interest in TSLA shares.
tags
instruments
sources
- Tesla Stock Soars on Wave of Analyst Upgrades — gurufocus.com, 26 October 2026 at 18:28 UTC
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