Tesla: Canaccord raises TP

(CercleFinance.com) - Canaccord Genuity confirms its 'buy' recommendation on Tesla shares, with a target price raised from $298 to $404, despite the electric carmaker's recent announcement of weaker-than-expected deliveries.


This TP represents around 40x its adjusted EPS estimate for 2027, a high multiple that the broker justifies by expected revenue growth around twice that of other technology mega-cap companies.

In the longer term, Tesla also has a generational set of growth opportunities ahead, including electric mobility, autonomy/IA, energy storage and robotics, Canaccord adds.


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