Baird Tesla · TSLA

Baird Maintains Tesla’s ‘Outperform’ Rating

1 min read Reproduced verbatim
Rating
Outperform
Unchanged
Target
$548
Outcome
Missed
within 12 months
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What the analyst said

Baird analyst Ben Kallo reiterated on October 23, 2025, an ‘Outperform’ rating and $548 price target on Tesla.

“TSLA reported Q3 results which beat us/consensus on the top line and missed on EPS.

Record vehicle deliveries and energy deployments in the quarter were accompanied by positive auto margins sequentially and record energy margins.

Energy demand is particularly high given grid constraints in several regions and a rapid build-out of infrastructure.

We expect this piece of the business to capture more attention in the remainder of 2025 and moving into 2026 with the tipping points for longer-term initiatives (Optimus, robotaxi, etc.) more opaque.”

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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

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 $344. The 17 analysts who set a target in the last 3 months range from $24.86 to $500, with a median of $442. This $548 target is 24% above the median, the highest on the Street.

Since the note TSLA has moved −22% (from $439). The 12-month window closed on October 23, 2026.

Track record

This call✗ Not reached within 12 months: a year after the note TSLA closed at $375, 32% below the $548 target, and it moved the other way. Same target as this firm’s September 19, 2025 note, so it is scored there.

Firm track recordBaird: 90% of its 30 targets at least a year old were reached within 12 months (#1 of 26 firms); on Tesla, 5 of 6. Accuracy ranking →

Earnings reactionOne of 19 notes after Tesla’s Oct 22 results: 5 raised · 1 cut · 11 kept. See every call →

Baird on Tesla

Baird price targets on Tesla

8 calls from June 9, 2025 to January 29, 2026. The target went from $320 to $548 (+71%). The rating moved from Hold to Buy.

Baird targetTSLA share price
  1. January 29, 2026Kept the $548 targetBuy$548
  2. December 30, 2025Kept the $548 targetBuy$548
  3. October 23, 2025 This noteKept the $548 targetBuy$548
  4. September 19, 2025Upgraded to Buy, target raised from $320 (+71%)Buy$548
  5. September 8, 2025Kept the $320 targetHold$320
  6. July 24, 2025Kept the $320 targetHold$320
  7. June 25, 2025Set a $320 targetHold$320
  8. June 9, 2025Earliest call shownHoldNo target
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Other analysts on Tesla

CantorBuy Kept rating and price target Oct 26 $485maintained BarclaysBuy Upgraded, raised price target +22% Oct 26 $450from $370 StoneXBuy Kept rating and price target Oct 22 $475maintained BNP ParibasHold Upgraded Oct 22 Morgan StanleyHold Raised price target +2%, kept rating Oct 22 $410from $400
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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.