Freedom Capital Upgrades Tesla (TSLA) to Hold, Raises PT to $406 on Stabilized EV Deliveries

Tesla Inc. (NASDAQ:TSLA) is one of the stocks that should double in 3 years. On October 24, Freedom Capital analyst Dmitriy Pozdnyakov upgraded Tesla to Hold from Sell with a price target of $406, which was raised from $338. Freedom Capital views Tesla’s Q3 2025 report as a sign that it is nearing the realization of its new segment potential.

Freedom Capital Upgrades Tesla (TSLA) to Hold, Raises PT to $406 on Stabilized EV Deliveries

The updated model lineup has successfully stabilized electric vehicle delivery volumes, and the firm believes that Tesla is likely to return to delivery growth. Freedom Capital Markets cited these early signs of delivery stabilization as the primary reason for their updated view.

Tesla Inc. (NASDAQ:TSLA) designs, develops, manufactures, leases, and sells EVs, and energy generation & storage systems in the US, China, and internationally.

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Disclosure: None. This article is originally published at Insider Monkey.