StoneX Tesla · TSLA

StoneX Affirms Buy on Tesla, $475 Price Target

October 22, 2026 Analyst: Mickey Legg 1 min read Reproduced verbatim
Rating
Buy
Unchanged
Target
$475
Unchanged
Upside
+27%
TSLA at $373 today
StoneX and Tesla logos

What the analyst said

StoneX analyst Mickey Legg reiterated a Buy rating and $475 price target on Tesla (NASDAQ: TSLA).

“TSLA reported Q3 2026 non-GAAP EPS of $0.48 beat our $0.44 and consensus of $0.45. Revenue of $28.0B was 1.5% above our estimate and 0.6% below consensus.

Gross margin of 19.6% was 217 bps above our 17.4% and 243 bps above consensus, but operating expenses of $4.8B were $597M above our estimate (R&D $2.76B versus our $2.28B).

A 15.9% tax rate (consensus ~23%) added roughly $0.02. Adj. EBITDA of $3.9B was in-line with our estimate and above consensus by 6%.

FCF of $1.5B compared with our ($4.1B) and consensus of ($4.4B), on capex of $4.7B versus our $7.7B. Deliveries (486,532) and storage (13.7 GWh) were reported October 2.”

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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 $373. The 19 analysts who set a target in the last 3 months range from $24.86 to $500, with a median of $442. This $475 target is 7% above the median.

12-month window: day 1 of 365, closes on October 22, 2027.

Track record

This callOpen: TSLA has not reached $475 yet. This 12-month target is scored on September 3, 2027. Same target as this firm’s September 3, 2026 note, so it is scored there.

Firm track recordStoneX: 50% of its 4 targets at least a year old were reached within 12 months. Accuracy ranking →

Earnings reactionOne of 12 notes after Tesla’s Oct 21 results: 7 of 12 raised targets. See every call →

StoneX on Tesla

StoneX price targets on Tesla

5 calls from September 29, 2025 to October 22, 2026. The target stayed at $475. The rating stayed Buy.

StoneX targetTSLA share price
  1. October 22, 2026 This noteKept the $475 targetBuy$475
  2. October 1, 2026Kept the $475 targetBuy$475
  3. September 25, 2026Kept the $475 targetBuy$475
  4. September 3, 2026Kept the $475 targetBuy$475
  5. September 29, 2025Earliest call shownBuy$475
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Other analysts on Tesla

BNP ParibasHold Upgraded · Oct 22 Morgan StanleyHold Raised price target +2%, kept rating · Oct 22 $410from $400 JP MorganHold Raised price target +4%, kept rating · Oct 22 $430from $415 CantorBuy Kept rating and price target · Oct 22 $485maintained MizuhoBuy Raised price target +2%, kept rating · Oct 22 $460from $450
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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.