Piper Sandler Tesla · TSLA

Piper Sandler Lowers Tesla Price Target to $450

Analyst: Alexander Potter 1 min read Reproduced verbatim
Rating
Overweight
Target
$450
from $500 (−10%)
Upside
+26%
TSLA at $358 today
Piper Sandler and Tesla logos

What the analyst said

Piper Sandler analyst Alexander Potter lowered the price target on Tesla (NASDAQ: TSLA) to $450 (from $500) while maintaining an Overweight rating.

“Updating Ests. & PT After Analyzing 10-Q; Awaiting Optimus & Cybercab Catalysts; Following the Q2 results and publication of the 10-Q, we are cutting our 2026/2027 EPS estimates to reflect lower margins.

This is particularly true in the Energy segment, but also in the Automotive segment. We’re also cutting our estimates for (100% margin) regulatory credits.

However, these revisions are partially offset by higher revenue, due to market share gains in the car market.

We’re also boosting our contribution from full self-driving (FSD) software, and increasing our margins in the Service segment.

Interestingly, these changes result in an increased implied DCF-based valuation, because FSD and Service are key drivers of Tesla’s terminal value.

However, since we base our price target on 233x FY27E EPS, our price target is falling to $450, down from $500.”

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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 $450 target is 2% above the median.

Since the note TSLA has moved +12% (from $320). 12-month window: day 106 of 365, closes on July 24, 2027.

Track record

This callOpen: TSLA has not reached $450 yet. This 12-month target is scored on July 24, 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 14 notes after Tesla’s Jul 22 results: 0 raised · 10 cut · 2 kept. See every call →

Piper Sandler on Tesla

Piper Sandler price targets on Tesla

8 calls from October 23, 2025 to October 22, 2026. The target went from $500 to $475 (−5%). The rating stayed Buy.

Piper Sandler targetTSLA share price
  1. October 22, 2026Target raised from $450 (+6%)Buy$475
  2. July 24, 2026 This noteTarget cut from $500 (−10%)Buy$450
  3. June 10, 2026Kept the $500 targetBuy$500
  4. May 11, 2026Kept the $500 targetBuy$500
  5. April 23, 2026Kept the $500 targetBuy$500
  6. January 29, 2026Kept the $500 targetBuy$500
  7. November 20, 2025Kept the $500 targetBuy$500
  8. October 23, 2025Earliest call shownBuy$500
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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.