Tesla Stock Extends Its Rally With a Fresh Barclays Upgrade
By Damilola Esebame
AI summary of the source article
Tesla shares rose to $407.46 on October 27, capping a two-session rally that added over $80 billion in market value following a Barclays upgrade to Overweight with a $450 price target.
Why it matters
Regarding regulatory approval in Latvia, "Each new jurisdiction creates an opportunity to expand FSD adoption and generate subscription revenue."
Key facts
- Barclays analyst Dan Levy upgraded Tesla to Overweight and raised the price target to $450 from $370.
- Tesla's two-day rally lifted the stock to $407.46 and added more than $80 billion to its market capitalization.
- Tesla and SpaceX formed independent director committees on October 20 to evaluate a potential merger.
Source excerpt · FinanceFeeds
Tesla shares closed at $407.46 on October 27, up 4 percent, extending a rally that began a day earlier when Barclays analyst Dan Levy upgraded the stock to Overweight and raised his price target to $450 from $370. The move extended a two-session rally that coincided with a decline in bearish analyst recommendations and renewed discussion about a potential combination with SpaceX . Two Sessions, th…