Cantor Tesla · TSLA

Cantor Fitzgerald Keeps Overweight on Tesla, $485 Price Target

Analyst: Andres Sheppard 1 min read Reproduced verbatim
Rating
Overweight
Unchanged
Target
$485
Unchanged
Upside
+19%
TSLA at $407 today
Cantor and Tesla logos

What the analyst said

Cantor Fitzgerald analyst Andres Sheppard reiterated an Overweight rating and $485 price target on Tesla (NASDAQ: TSLA).

“Tesla reported 3Q26 revenue of ~$28.0B (in-line with our estimate of ~$27.9B); GAAP gross margin of 19.6%, above our estimate of 17.1% (automotive gross margin excluding reg credit of 18.1%); Non-GAAP diluted EPS of $0.48 (above consensus of $0.45); and most notably a material FCF beat of ~ $1,531M vs. consensus of ~($4,385M), driven mostly by 3Q26 capex of ~ $4.7B (vs. consensus of $8B).

On the call, Tesla lowered its FY26 Capex Target to $20B (from prior $25B) and vs. ~$8.5B in FY25. FSD – A Key NearTerm Growth Driver for Demand.”

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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 $407. The 18 analysts who set a target in the last 3 months range from $24.86 to $500, with a median of $446. This $485 target is 9% above the median.

12-month window: day 1 of 365, closes on October 26, 2027.

Track record

This callOpen: TSLA has not reached $485 yet. This 12-month target is scored on September 28, 2027. Same target as this firm’s September 28, 2026 note, so it is scored there.

Firm track recordCantor: 80% of its 30 targets at least a year old were reached within 12 months (#12 of 14 firms); on Tesla, 6 of 7. Accuracy ranking →

Cantor on Tesla

Cantor price targets on Tesla

8 calls from June 1, 2026 to October 26, 2026. The target went from $510 to $485 (−5%). The rating stayed Buy.

Cantor targetTSLA share price
  1. October 26, 2026 This noteKept the $485 targetBuy$485
  2. October 22, 2026Kept the $485 targetBuy$485
  3. October 20, 2026Kept the $485 targetBuy$485
  4. October 19, 2026Kept the $485 targetBuy$485
  5. September 28, 2026Kept the $485 targetBuy$485
  6. July 23, 2026Target cut from $510 (−5%)Buy$485
  7. June 29, 2026Rating only, no price targetBuyNo target
  8. June 1, 2026Earliest call shownBuy$510
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Other analysts on Tesla

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 JP MorganHold Raised price target +4%, kept rating Oct 22 $430from $415
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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.