Despite Tesla Inc. (NASDAQ: TSLA) stock correcting year-to-date (YTD), down nearly 17% so far in 2026, Wall Street analysts, as of October 8, expect further upside over the next 12 months.
Joseph Spak, an expert at UBS, reiterated a ‘Hold’ rating for Tesla stock on October 7. He raised the firm’s 12-month price target to $391 from $385.
Earlier on October 6, Daniel Ives, an analyst at Yorkville Ives, initiated a ‘Buy’ rating for TSLA. Ives set his 12-month price target at $500, thereby signaling a possible over 33% uptick.
This bullish thesis is based on Tesla repositioning as a premier artificial intelligence (AI) and robotics platform rather than a conventional automaker.
Additionally, Ives noted that Tesla stock is further boosted by the company’s massive high-margin expansion opportunities across Full Self-Driving (FSD), autonomous mobility, labor automation, and energy infrastructure.
As a result, this firm believes that TSLA stock is likely to benefit from the Optimus humanoid robot. Furthermore, he argued that Optimus extends Tesla’s technology stack into the broader industrial automation market, while Tesla Energy products like Megapack and Powerwall capitalize on surging electricity demand.
Tesla stock price prediction 2026
At the time of writing, 26 Wall Street analysts surveyed by TipRanks over the last three months have set an average 12-month price target for Tesla stock at $396.39. This moderate ‘Buy’ rating for TSLA indicates a possible 5% climb over the next 12 months.
Is Tesla a good stock to buy?
Over the last 12 months, TSLA stock has fallen approximately 14%; hence, its market cap hovered at about $1.5 trillion.
Consequently, Wall Street analysts expect TSLA stock to continue its recent rebound, up over 26% since July 29 to date, in the next 12 months.
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