Barclays Raises Tesla Price Target to $450 from $370 and Upgrades Rating to "Overweight" According to BlockBeats, on October 26, Barclays raised its 12-month price target for Tesla (TSLA) from $370 to $450 and upgraded its stock rating from "Equal Weight" to "Overweight," representing a 21.6% increase. Barclays analysts believe that improved growth prospects in Tesla's core automotive business, signs of a turning point in its Robotaxi business, and strong demand in its energy storage business are all expected to support the company's valuation. Furthermore, the anticipated potential merger between Tesla and SpaceX could also contribute to a valuation premium. However, the finality of the merger remains uncertain. [Original Link]