Piper Sandler Tesla · TSLA

Piper Sandler Reiterates Tesla’s $500 Price Target

1 min read Reproduced verbatim
Rating
Overweight
Unchanged
Target
$500
Upside
+40%
TSLA at $358 today
Piper Sandler and Tesla logos

What the analyst said

Piper Sandler analyst Alexander Potter reiterated on January 29, 2026, an ‘Overweight’ rating and $500 price target on Tesla.

“Flattish After-hours, but if Dizzying 2026 Goals are Met, TSLA’s Going Higher

This was a fascinating Q4 call. During the webcast, Tesla formalized its ambitious new direction: the company is burning the boats, pinning its future on autonomous cars and robots.

The Model S and Model X will be discontinued, and the vacated floorspace will be repurposed for building humanoids.

The 2026 capex budget of $20B is ~2x higher than normal, and represents 44% of Tesla’s cash balance.

The company’s disclosures have changed, with a new focus on FSD subscriptions, and an outlook that calls for doubling the robo-taxi fleet each month (the current fleet is 500 units).

Tesla targets launching robo-taxis in 7 new cities in the next 5 months.

The stock may be flattish after-hours, but if even half of these ambitions are realized, we think TSLA will be higher by year-end.”

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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 $358. The 17 analysts who set a target in the last 3 months range from $24.86 to $500, with a median of $442. This $500 target is 13% above the median, the highest on the Street.

Since the note TSLA has moved −17% (from $431). 12-month window: day 283 of 365, closes on January 29, 2027.

Track record

This callOpen: TSLA has not reached $500 yet. This 12-month target is scored on January 29, 2027.

Firm track recordPiper Sandler: 79% of its 38 targets at least a year old were reached within 12 months (#14 of 26 firms); on Tesla, 3 of 5. Accuracy ranking →

Earnings reactionOne of 10 notes after Tesla’s Jan 28 results: 2 raised · 2 cut · 5 kept. See every call →

Piper Sandler on Tesla

Piper Sandler price targets on Tesla

8 calls from August 4, 2025 to May 11, 2026. The target went from $400 to $500 (+25%). The rating stayed Buy.

Piper Sandler targetTSLA share price
  1. May 11, 2026Kept the $500 targetBuy$500
  2. April 23, 2026Kept the $500 targetBuy$500
  3. January 29, 2026 This noteKept the $500 targetBuy$500
  4. November 20, 2025Kept the $500 targetBuy$500
  5. October 23, 2025Kept the $500 targetBuy$500
  6. September 22, 2025Target raised from $400 (+25%)Buy$500
  7. August 29, 2025Kept the $400 targetBuy$400
  8. August 4, 2025Earliest call shownBuy$400
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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.