Barclays upgrades Tesla to Overweight, lifts price target to $450 from $370; shares surge 5-6% and clear 200-day average
What happened
Barclays analyst Dan Levy upgraded Tesla (TSLA) to Overweight from Equal Weight on Monday, October 26, 2026, and raised his price target to $450 from $370 — roughly 20% above Friday's $372.22 close. Tesla shares rose about 5-6% in early Monday trading, to around $392-395, clearing their 200-day moving average for the first time since July. Levy cited a potential premium from an expected Tesla-SpaceX combination, a core auto business returning to growth after two flat years, energy-storage shipments growing more than 50% in 2027, and robotaxi progress reaching an inflection point.
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Start your free 14-day trialWho’s affected
- Tesla (TSLA) directly — upgrade, higher target and a technical breakout above the 200-day average. SpaceX (private) indirectly, as merger-premium expectations are part of the thesis. Broader EV/autonomous peers and the Nasdaq-100/Magnificent Seven complex as a sentiment read-through, with Tesla the morning's standout Nasdaq-100 gainer.