Roth Capital raised the firm’s price target on Tesla (TSLA) to $505 from $395 and keeps a Buy rating on the shares. The company posted Q3 revenue 6% higher on the 41k deliveries beat, driving $0.4B gross profit upside, the analyst tells investors in a research note. Reg credits are falling slower than expected, essentially flat y/y, while the deltas for the 6c EPS miss vs. consensus came primarily from 6% higher tax and restructuring, the firm added. The focus now turns to the November 6th analyst day, which should materialize as a positive trading catalyst for the stock when 2026 catalysts should be more clearly defined, Roth added.
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