Canaccord Lifts Tesla’s Price Target to $333

Canaccord Genuity analyst George Gianarikas raised on July 24, 2025, Tesla’s price target from $303 to $333, while maintaining a ‘Buy’ rating on the stock.

“We are raising our PT from $303 to $333.

This target is based on ~38x our 2027E non-GAAP EPS of $8.77.

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 ~24x 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.

We acknowledge the limited upside implied by our price target.

However, we believe BUY is the appropriate rating given near-term volatility buttressed by the long-term opportunities beyond the next 12 months.”

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.