Tesla price target raised to $510 from $355 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Tesla (TSLA) to $510 from $355 and keeps an Overweight rating on the shares. Tesla beat estimates on Q3 revenue, gross margin, and free cash flow, though adjusted EPS was slightly below expectations, the analyst tells investors in a research note. Overall, Cantor remains bullish on Tesla over the medium-to-long-term, but suggests waiting for a potential pullback for a better entry point.