Canaccord raises Tesla stock price target to $551 from $480, says bears will be short-lived
Canaccord Genuity just lifted its Tesla price target from $480 to $551, a 13% increase, saying short-term demand cracks aren’t the end of the road.
Even though Canaccord kept its buy rating, analyst George Gianarikas cut his Q4 2025 delivery forecast, citing a bigger-than-expected slump in demand. But he didn’t back off the bull case. He said the Tesla weakness looks temporary and doesn’t change the long-term story.
“There are constructive developments beneath the surface that support our BUY rating and justify a higher price target, even with the 4Q25 earnings cut,” George wrote.
He said Tesla’s stock price has held up for a reason: “With Tesla’s recent share-price strength, the market seems to be looking through…
