1 Wall Street Analyst Just Raised Tesla Stock’s Price Target by Over $100. Is It a Buy?
Tesla (NASDAQ: TSLA) stock had a banner year in 2024. Shares of the electric vehicle (EV) leader soared by over 62%. Many investors surmised that CEO Elon Musk’s position as a Donald Trump advisor will benefit both the company and its shareholders.
Tesla disappointed investors with its fourth-quarter delivery report this week, though, as it delivered fewer EVs than expected and didn’t quite match 2023’s total. Still, Canaccord Genuity analyst George Gianarikas just raised his price target on the stock by $106 per share. The stock could keep rising above his $404 target if some things go right.
Gianarikas maintained a buy rating and remains bullish on the stock despite the weaker-than-expected fourth-quarter delivery report. He…
