Baird Reaffirms Outperform on Tesla, $475 Price Target
- Rating
- Buy
- Price target
- $475
- Implied upside
- +28%
- vs $370.59 prior close
This callScored on Apr 6, 2027, six months after the note: did TSLA reach $475?
Firm track recordBaird reached 45% of its 22 scored targets within six months (#28 of 30 firms); on Tesla, 0 of 2. Accuracy ranking →
Baird analyst Ben Kallo reiterated an Outperform rating and $475 price target on Tesla (NASDAQ: TSLA).
“No change in outlook. TSLA reported Q3 deliveries which beat our/consensus estimates and grew ~1% sequentially after a strong Q2 report.
The beat was largely 3/Y driven with all other models stepping down and missing consensus (recall TSLA ceased S/X production in Q2).
Energy deployments missed consensus, but still grew ~10% y/y and remain a bright spot on the P&L.
Recent investor focus has been on the Cybercab launch/robotaxi service scaling, and a potential merger with SPCX, the latter of which we expect will continue to dominate the narrative near term.”
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