Baird Tesla · TSLA

Baird Reaffirms Tesla’s $548 Price Target

1 min read Reproduced verbatim
Rating
Outperform
Unchanged
Target
$548
Unchanged
Upside
+53%
TSLA at $358 today
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What the analyst said

Baird analyst Ben Kallo reiterated on January 29, 2026, an ‘Outperform’ rating and $548 price target on Tesla.

“The call was highlighted by a doubling of capex outlook for 2026 y/y to over $20B.

Importantly, they signaled an elevated level for the intermediate term, as it builds out the physical AI value chain.

Not included in these plans are potential investments in solar and chip fabs which Musk described as critical for TSLA’s supply chain security, particularly in a scenario of further geopolitical conflict.

These ambitions mark the beginning of a new chapter for TSLA which we view positively.”

Disclaimer
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 $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 $548 target is 24% above the median, the highest on the Street.

Since the note TSLA has moved −17% (from $431). 12-month window: day 282 of 365, closes on January 29, 2027.

Track record

This callOpen: TSLA has not reached $548 yet. This 12-month target is scored on December 30, 2026. Same target as this firm’s December 30, 2025 note, so it is scored there.

Firm track recordBaird: 90% of its 31 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 10 notes after Tesla’s Jan 28 results: 2 raised · 2 cut · 5 kept. See every call →

Baird on Tesla

Baird price targets on Tesla

8 calls from July 24, 2025 to June 23, 2026. The target went from $320 to $522 (+63%). The rating moved from Hold to Buy.

Baird targetTSLA share price
  1. June 23, 2026Kept the $522 targetBuy$522
  2. April 23, 2026Target cut from $548 (−5%)Buy$522
  3. January 29, 2026 This noteKept the $548 targetBuy$548
  4. December 30, 2025Kept the $548 targetBuy$548
  5. October 23, 2025Kept the $548 targetBuy$548
  6. September 19, 2025Upgraded to Buy, target raised from $320 (+71%)Buy$548
  7. September 8, 2025Kept the $320 targetHold$320
  8. July 24, 2025Earliest call shownHold$320
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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.