TD Cowen Tesla · TSLA

TD Cowen Reaffirms Buy on Tesla, $509 Price Target

Analyst: Itay Michaeli 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$509
Outcome
Missed
within 12 months
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What the analyst said

TD Cowen analyst Itay Michaeli reiterated a Buy rating and $509 price target on Tesla (NASDAQ: TSLA)

“We had an opportunity to take three Tesla RoboTaxi rides in Austin last week, covering nearly 40 miles over ~2hrs at a $1.08 price/mile.

Rides were impressive all around, with two notably complex scenarios (emergency vehicles & construction site) handled very well.

Does Tesla seem to be on track to begin removing Austin safety monitors by year-end? We think so. Maintain Buy, $509 target.”

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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 $509 target is 15% above the median, the highest on the Street.

Since the note TSLA has moved −20% (from $430). 12-month window: day 339 of 365, closes on December 1, 2026.

Track record

This call✗ Not reached within 12 months: a year after the note TSLA closed at $383, 25% below the $509 target, and it moved the other way. Same target as this firm’s October 9, 2025 note, so it is scored there.

Firm track recordTD Cowen: 83% of its 36 targets at least a year old were reached within 12 months (#5 of 26 firms); on Tesla, 4 of 6. Accuracy ranking →

TD Cowen on Tesla

TD Cowen price targets on Tesla

8 calls from July 24, 2025 to April 15, 2026. The target went from $374 to $490 (+31%). The rating stayed Buy.

TD Cowen targetTSLA share price
  1. April 15, 2026Target cut from $519 (−6%)Buy$490
  2. January 29, 2026Target raised from $509 (+2%)Buy$519
  3. December 1, 2025 This noteKept the $509 targetBuy$509
  4. November 17, 2025Kept the $509 targetBuy$509
  5. October 23, 2025Kept the $509 targetBuy$509
  6. October 9, 2025Target raised from $374 (+36%)Buy$509
  7. September 12, 2025Kept the $374 targetBuy$374
  8. July 24, 2025Earliest call shownBuy$374
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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.