Tesla Gets a Bear-to-Hold Upgrade as Wall Street Lifts Price Targets
As seen on the 24/7 Wall St. homepage on October 22, 2026.
One of Tesla's remaining bears just stepped aside: CLSA moved off Underperform and lifted its target to $400.
TESLA ($TSLA ): WALL STREET PRICE TARGET CHANGES, RATING UPGRADE & REITERATIONS RATING UPGRADE 🔸 CLSA — Christopher Richter: Underperform → Hold | PT raised to $400 from $310 PRICE TARGET INCREASES — RATINGS MAINTAINED 🔸 Piper Sandler — Alexander Potter: $450 → $475 |
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One of Tesla's most cautious voices has capitulated: CLSA's Christopher Richter moved the stock off Underperform to Hold, lifting his price target to $400. Piper Sandler's Alexander Potter pushed his own target higher while keeping his bullish rating. Skepticism on the name is thinning fast.
The gap between the two targets is worth keeping an eye on as further analyst updates come in.
When bears step aside and bulls extend their targets in the same session, it tends to signal a shift in the broader analyst community's tolerance for skepticism on a name. Richter's move from Underperform is the sharper of the two, since it represents a change in conviction, not just a number adjustment.
The $400 target CLSA now carries still sits below Piper Sandler's $475, reflecting that the former bear has come off the sidelines without yet joining the bull camp outright. That gap between the two targets is worth keeping an eye on as further analyst updates come in.
Mentioned: TSLA