56/100BTesla stock forecast 2026–2028What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Tesla is 442.59, 17.1% above the current price of 378.01. Their targets range from 157.00 to 840.00.
Of the 26 firms that rated Tesla in the past 12 months, 14 rate it buy or strong buy, 10 hold and 2 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 157.00 to 840.00, with an average of 442.59.
| Buy | 14 | |
| Hold | 10 | |
| Sell | 2 |
12-month price target
| Highest target | 840.00 |
| Average target | 442.59 |
| Lowest target | 157.00 |
| Current price | 378.01 |
Tesla price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Tesla price target and rating?
How analysts rate Tesla, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
14 of 26 firms rate it buy now, against 11 of 29 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Tesla analyst upgrades, downgrades and price targets
The latest rating change came on 26 October 2026, when Barclays upgraded Tesla from Equal Weight to Overweight. Its price target is 450.00, from 360.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 26 Oct 2026 | Barclays Dan Levy | Upgraded · Equal Weight → Overweight | 360.00 → 450.00 | +25.0% | 372.22 |
| 22 Oct 2026 | BNP Paribas James Picariello | Upgraded · Underperform → Neutral | 420.00 | — | 377.75 |
| 22 Oct 2026 | Stifel Nicolaus | — | 491.00 → 475.00 | -3.3% | 381.15 |
| 22 Oct 2026 | Canaccord Genuity | Reiterated · Buy | 410.00 → 442.00 | +7.8% | 386.47 |
| 22 Oct 2026 | CLSA | Upgraded · Underperform → Hold | 400.00 | — | 386.47 |
| 22 Oct 2026 | UBS Joseph Spak | Reiterated · Neutral | 391.00 → 425.00 | +8.7% | 386.47 |
| 22 Oct 2026 | Piper Sandler Alexander Potter | Reiterated · Overweight | 450.00 → 475.00 | +5.6% | 386.47 |
| 7 Oct 2026 | UBS Joseph Spak | Reiterated · Neutral | 385.00 → 391.00 | +1.6% | 380.68 |
| 5 Oct 2026 | HSBC Michael Tyndall | — | 157.00 | — | 370.59 |
| 16 Sept 2026 | Goldman Sachs | Reiterated · Neutral | 405.00 → 360.00 | -11.1% | 356.58 |
| 12 Sept 2026 | Morgan Stanley Andrew Percoco | — | 417.00 → 840.00 | +101.4% | 365.44 |
| 3 Aug 2026 | Stifel Nicolaus Stephen Gengaro | Reiterated · Buy | 508.00 → 491.00 | -3.3% | 311.21 |
| 28 Jul 2026 | RBC Capital Tom Narayan | — | 500.00 → 480.00 | -4.0% | 309.22 |
| 27 Jul 2026 | Deutsche Bank | — | 465.00 → 420.00 | -9.7% | 308.50 |
| 27 Jul 2026 | Robert W. Baird Ben Kallo | — | 548.00 → 475.00 | -13.3% | 313.03 |
| 24 Jul 2026 | Piper Sandler Alexander Potter | Reiterated · Overweight | 500.00 → 450.00 | -10.0% | 319.69 |
| 23 Jul 2026 | UBS | Reiterated · Neutral | 460.00 → 385.00 | -16.3% | 322.50 |
| 23 Jul 2026 | Mizuho Securities | Reiterated · Outperform | 540.00 → 450.00 | -16.7% | 327.84 |
| 23 Jul 2026 | Truist Financial | Reiterated · Hold | 430.00 → 370.00 | -14.0% | 374.01 |
| 23 Jul 2026 | Cantor Fitzgerald | Reiterated · Overweight | 510.00 → 485.00 | -4.9% | 374.01 |
| 23 Jul 2026 | Canaccord Genuity George Gianarikas | Reiterated · Buy | 450.00 → 410.00 | -8.9% | 374.01 |
| 23 Jul 2026 | UBS | — | 442.00 → 460.00 | +4.1% | 374.01 |
| 14 Jul 2026 | Morgan Stanley | Reiterated · Equal Weight | 415.00 → 417.00 | +0.5% | 394.76 |
| 13 Jul 2026 | Jefferies | Reiterated · Hold | 400.00 | — | 407.76 |
| 9 Jul 2026 | UBS | Reiterated · Neutral | 500.00 → 442.00 | -11.6% | 394.81 |
| 7 Jul 2026 | UBS | — | 364.00 → 500.00 | +37.4% | 419.77 |
| 2 Jul 2026 | Truist Financial William Stein | Reiterated · Hold | 400.00 → 430.00 | +7.5% | 390.94 |
| 5 Jun 2026 | JP Morgan | Upgraded · Underweight → Neutral | — | — | — |
| 23 Apr 2026 | UBS Joseph Spak | Reiterated · Neutral | 475.00 → 364.00 | -23.4% | 374.73 |
| 23 Apr 2026 | UBS | — | 352.00 → 475.00 | +34.9% | 373.33 |
| 23 Apr 2026 | Canaccord Genuity | Reiterated · Buy | 420.00 → 450.00 | +7.1% | 387.51 |
| 14 Apr 2026 | UBS | Upgraded · Sell → Neutral | — | — | — |
| 9 Apr 2026 | Deutsche Bank | — | 435.00 → 465.00 | +6.9% | 345.62 |
| 2 Apr 2026 | Truist Financial | — | 438.00 → 400.00 | -8.7% | 360.00 |
| 30 Mar 2026 | Canaccord Genuity | — | 520.00 → 420.00 | -19.2% | 355.28 |
| 29 Jan 2026 | Stifel Nicolaus Stephen Gengaro | — | 483.00 → 508.00 | +5.2% | 420.42 |
| 29 Jan 2026 | Truist Financial | Reiterated · Hold | 439.00 → 438.00 | -0.2% | 417.49 |
| 29 Jan 2026 | UBS Joseph Spak | — | 551.00 → 352.00 | -36.1% | 418.17 |
| 29 Jan 2026 | Canaccord Genuity George Gianarikas | — | 482.00 → 520.00 | +7.9% | 431.46 |
| 29 Jan 2026 | Morgan Stanley Andrew Percoco | Reiterated · Equal Weight | 425.00 → 415.00 | -2.4% | 431.46 |
| 29 Jan 2026 | Mizuho Securities Vijay Rakesh | Reiterated · Outperform | 530.00 → 540.00 | +1.9% | 431.46 |
| 29 Jan 2026 | Goldman Sachs | — | 395.00 → 405.00 | +2.5% | 431.46 |
| 23 Jan 2026 | Barclays Dan Levy | Reiterated · Equal Weight | 350.00 → 360.00 | +2.9% | 449.36 |
| 8 Jan 2026 | Piper Sandler Alexander Potter | — | 400.00 → 500.00 | +25.0% | 434.17 |
| 2 Jan 2026 | Truist Financial William Stein | Reiterated · Hold | 444.00 → 439.00 | -1.1% | 442.39 |
| 30 Dec 2025 | Robert W. Baird Ben Kallo | — | 370.00 → 548.00 | +48.1% | 459.64 |
| 23 Dec 2025 | UBS | — | 247.00 → 551.00 | +123.1% | 488.73 |
| 19 Dec 2025 | Truist Financial William Stein | Reiterated · Hold | 406.00 → 444.00 | +9.4% | 483.37 |
| 16 Dec 2025 | Mizuho Securities | — | 475.00 → 530.00 | +11.6% | 475.12 |
| 8 Dec 2025 | Morgan Stanley | Downgraded · Overweight → Equal Weight | — | — | — |
Tesla EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Tesla's EPS to grow 38.4% a year until 2028. Over the last 5 years it grew 38.8% a year, and over the last 3 years it fell 33.2%.
Analysts expect Tesla's revenue to grow 15.0% a year until 2028. Over the last 5 years it grew 24.6% a year, and over the last 3 years 5.2%.
Revenue
EPS
Does Tesla beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 14.9% off the result, either way, and their revenue estimate 3.4%, over the last 12 quarters.
- EPS beats
- 30 / 65
- Revenue beats
- 44 / 65
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- -5.5%
- Since
- November 2010
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 21 Oct 2026 | 0.46 | 0.48 | +5.5% | 28.06B | 28.05B | -0.0% |
| Q2 FY2026 | 22 Jul 2026 | 0.53 | 0.33 | -38.1% | 26.42B | 28.24B | +6.9% |
| Q1 FY2026 | 22 Apr 2026 | 0.35 | 0.41 | +15.9% | 22.10B | 22.39B | +1.3% |
| Q4 FY2025 | 28 Jan 2026 | 0.45 | 0.50 | +9.9% | 24.78B | 24.90B | +0.5% |
| Q3 FY2025 | 22 Oct 2025 | 0.56 | 0.50 | -10.4% | 26.54B | 28.10B | +5.9% |
| Q2 FY2025 | 23 Jul 2025 | 0.40 | 0.40 | +0.7% | 22.28B | 22.50B | +1.0% |
| Q1 FY2025 | 22 Apr 2025 | 0.41 | 0.27 | -34.7% | 21.27B | 19.34B | -9.1% |
| Q4 FY2024 | 29 Jan 2025 | 0.77 | 0.73 | -5.7% | 27.26B | 25.71B | -5.7% |
| Q3 FY2024 | 23 Oct 2024 | 0.58 | 0.72 | +24.1% | 25.47B | 25.18B | -1.1% |
| Q2 FY2024 | 23 Jul 2024 | 0.62 | 0.52 | -16.1% | 24.54B | 25.50B | +3.9% |
| Q1 FY2024 | 23 Apr 2024 | 0.51 | 0.45 | -11.8% | 22.22B | 21.30B | -4.1% |
| Q4 FY2023 | 24 Jan 2024 | 0.75 | 0.71 | -5.3% | 25.55B | 25.17B | -1.5% |
Tesla stock price 2026–2028: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
There are no price scenarios for Tesla: its P/E has been above 60, or from losses, too often in the last five years to price its earnings at, and similar companies' P/Es put its value too far from its price to stand in. The earnings analysts expect are in the estimates above.
Is Tesla stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Tesla's P/E of 381.8 is near the top of its 5-year range (29.9 to 411.6, median 95.4). Analysts expect faster growth than in recent years, which can explain part of the high P/E. Buyers pay more for each point of growth than usual: a PEG of 9.9 on expected growth against 2.5 on its median P/E and past five years' growth. Fair value is not a reliable guide for Tesla: its earnings swing (EPS fell 47.0% in FY2025), so its usual P/E would mislead. Its forward P/E, on the consensus for FY2026, is 224.6.
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 381.83
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 95.36
- Five-year P/E range
- 29.9 – 411.6
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 224.65
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 19.40
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +17.1%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 119.800 | 236.42177Price 119.80296 | +97.3% | |
| 98.870 | 194.84146Price 98.87244 | +97.1% | |
| 42.430 | 82.9546Price 42.43165 | +95.5% | |
| 200.430 | 384.58163Price 200.432,644 | +91.9% | |
| 160.940 | 305.52161Price 160.94396 | +89.8% | |
| 214.900 | 405.52304Price 214.90507 | +88.7% | |
| 164.770 | 308.95212Price 164.77442 | +87.5% |
Furthest below the fair value on each stock's page, updated every day.