Canaccord Genuity Tesla · TSLA

Canaccord Genuity Lowers Tesla Price Target to $303

April 23, 2025 Analyst: George Gianarikas 1 min read Reproduced verbatim
Rating
Buy
Target
$303
from $404 (−25%)
Outcome
Reached
on May 12, 2025
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What the analyst said

Canaccord Genuity analyst George Gianarikas lowered the price target on Tesla (NASDAQ: TSLA) to $303 (from $404) while maintaining a Buy rating.

“In the meantime, we are lowering our price target from $404 to $303. This target is based on ~34x our 2027E non-GAAP EPS of $8.86.

We feel this multiple is justified based on the multiples and growth rates of Tesla’s comp set — which we deem to be a group of megacap tech stocks, including Alphabet, Amazon, Apple, Meta, Microsoft, and Nvidia.

This set of companies trades at a median of ~17x 2027E EPS (FactSet) but has a combined revenue growth rate materially below Tesla’s from 2025 – 2027.

Longer term, Tesla has a generational set of growth opportunities ahead, including EVs, autonomy/AI, energy storage, and robotics, which also help justify our premium multiple.”

Disclaimer
The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.

This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.

Where the price stands

TSLA trades at $369. The 19 analysts who set a target in the last 3 months range from $24.86 to $500, with a median of $450. This $303 target is 33% below the median.

Since the note TSLA has moved +55% (from $238). The 12-month window closed on April 23, 2026.

Track record

This call✓ Target reached on May 12, 2025, 19 days after the note.

Firm track recordCanaccord Genuity: 80% of its 5 targets at least a year old were reached within 12 months (#21 of 28 firms); on Tesla, 4 of 5. Accuracy ranking →

Canaccord Genuity on Tesla

Canaccord Genuity price targets on Tesla

8 calls from April 23, 2025 to July 23, 2026. The target went from $303 to $410 (+35%). The rating stayed Buy.

Canaccord Genuity targetTSLA share price
  1. July 23, 2026Target cut from $450 (−9%)Buy$410
  2. April 23, 2026Target raised from $420 (+7%)Buy$450
  3. March 30, 2026Target cut from $551 (−24%)Buy$420
  4. December 22, 2025Target raised from $482 (+14%)Buy$551
  5. October 23, 2025Target cut from $490 (−2%)Buy$482
  6. September 30, 2025Target raised from $333 (+47%)Buy$490
  7. July 24, 2025Target raised from $303 (+10%)Buy$333
  8. April 23, 2025 This noteEarliest call shownBuy$303
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Other analysts on Tesla

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Price Target is an archive of Wall Street analyst research, published for informational purposes only. Nothing on this site is investment advice, a recommendation, or an offer to buy or sell any security. Analyst ratings and price targets are the opinions of the issuing firms, not of Price Target. Always do your own research or consult a licensed financial adviser.