Piper Sandler Tesla · TSLA

Piper Sandler Keeps Overweight on Tesla, $500 Price Target

January 29, 2025 Analyst: Alexander Potter 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$500
Outcome
Missed
within 12 months
Piper Sandler and Tesla logos

What the analyst said

Piper Sandler analyst Alexander Potter reiterated an Overweight rating and $500 price target on Tesla (NASDAQ: TSLA).

“We remain Overweight, following Q4 results that missed the mark. To be fair, there were some bright spots (e.g.

19.1% EBITDA margin, >$2B free cash flow, etc.), but gross margin was an obvious miss.

It appears Tesla spent heavily on clearing outdated Model Y units from inventory, which negatively impacted pricing. But arguably, none of this matters for the thesis.

Perhaps somewhat surprisingly, Tesla isn’t backing down from a commitment to launch new products (plural) across multiple factories in 1H25, and management still expects delivery growth in 2025.

Plus, commentary re: full self-driving (FSD) software has never been so unabashedly bullish (‘…autonomy is upon us!’). Given all this, we’re not surprised the stock is trading up +4% after-hours.”

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This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

TSLA trades at $355. The 19 analysts who set a target in the last 3 months range from $24.86 to $500, with a median of $450. This $500 target is 11% above the median, the highest on the Street.

Since the note TSLA has moved −11% (from $398). The 12-month window closed on January 29, 2026.

Track record

This call✗ Not reached within 12 months: a year after the note TSLA closed at $431, 14% below the $500 target, but it moved the way the analyst expected. Same target as this firm’s January 21, 2025 note, so it is scored there.

Firm track recordPiper Sandler: 88% of its 24 targets at least a year old were reached within 12 months (#8 of 28 firms); on Tesla, 3 of 5. Accuracy ranking →

Piper Sandler on Tesla

Piper Sandler price targets on Tesla

8 calls from September 22, 2025 to July 24, 2026. The target went from $500 to $450 (−10%). The rating stayed Buy.

Piper Sandler targetTSLA share price
  1. July 24, 2026Target cut from $500 (−10%)Buy$450
  2. June 10, 2026Kept the $500 targetBuy$500
  3. May 11, 2026Kept the $500 targetBuy$500
  4. April 23, 2026Kept the $500 targetBuy$500
  5. January 29, 2026Kept the $500 targetBuy$500
  6. November 20, 2025Kept the $500 targetBuy$500
  7. October 23, 2025Kept the $500 targetBuy$500
  8. September 22, 2025Earliest call shownBuy$500
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Other analysts on Tesla

JP MorganHold Kept rating and price target · Oct 16 $415maintained Yorkville IvesBuy Kept rating and price target · Oct 12 $500maintained Yorkville IvesBuy Initiated coverage · Oct 7 $500 UBSHold Raised price target +2%, kept rating · Oct 7 $391from $385 Goldman SachsHold Kept rating and price target · Oct 6 $360maintained
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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.