Analysts Split on Tesla, Meta Gets Fresh $880 Target

Analyst activity on 23 October centred on two names: TSLA and META.

RBC Capital's Tom Narayan maintained a Buy on Tesla with a $480 price target. The broader consensus shifted too, with multiple changes pushing the average target to $408. Tesla carries one of the most polarising analyst books on Wall Street, with 4 buys, 23 holds and 18 sells in the current consensus.

Barclays analyst Ross Sandler raised his Meta target sharply to $880 from $780, reiterating Buy. That puts him well above the street average of $833. Meta reports earnings next week and sentiment is building.

Barclays also moved on LVS. Analyst Brandt Montour cut the Las Vegas Sands target to $50 from $57, staying at Buy but trimming expectations. Massachusetts online sports wagering data may be relevant here: gross revenue rose 34% year-on-year to $72.2m in September, showing online gaming demand remains strong even as casino sportsbook revenue hit a record low.

Elsewhere, WAB saw its consensus target edge up to $332 after a TP change. UNP and MCHP both saw targets trimmed slightly. PM and HON each received modest upward target revisions. Lam Research also saw its consensus target pulled down to $365 from $376.