Barclays raised Tesla's price target from $370 to $450 and upgraded its rating to "Overweight"

BlockBeats news, October 26: Barclays raised Tesla's (TSLA) 12-month price target from $370 to $450 and upgraded its stock rating from 'Equal Weight' to 'Overweight,' with the new target representing an increase of approximately 21.6% compared to the previous one. Barclays analysts believe that improved growth prospects for Tesla's core automotive business, signs of a turning point in its Robotaxi operations, and strong demand for its energy storage business are all expected to support the company's valuation. Additionally, expectations of a potential merger between Tesla and SpaceX could also bring a valuation premium. However, the final outcome of such a merger remains uncertain.