Canaccord Genuity Raises Tesla (TSLA) Price Target to $442
Key Points
- Canaccord Genuity maintained a Buy rating on Tesla, Inc. on October 22, 2026, while raising its price target to $442.00 from $410.00.
- Canaccord Genuity's $442 price target implies 17.97% upside from Tesla, Inc.'s ($TSLA) current $374.67 share price.
- Tesla, Inc. recently reported trailing twelve-month revenue of $103.62 billion alongside earnings of $1.08 per share.
- The stock traded around $374.67 recently, sitting above its 50-day moving average while analysts maintain a consensus Buy recommendation.
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On October 22, 2026, Canaccord Genuity maintained its Buy rating on Tesla, Inc. (NasdaqGS: TSLA) and raised its price target from $410.00 to $442.00. The note reflects the firm's forward-looking outlook on the electric vehicle maker as Wall Street reassesses valuations across the automotive sector.
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Canaccord Genuity's Call on Tesla, Inc.
Canaccord Genuity issued its research note on October 22, 2026, keeping a Buy rating on the company while lifting its target to $442.00 from $410.00. Other firms also updated their stances on the same day, including UBS maintaining a Neutral rating with a target moved from $391.00 to $425.00, and CLSA upgrading the stock to a Hold with a target lifted from $310.00 to $400.00. Morgan Stanley maintained its Equal-Weight rating with a target raised from $400.00 to $410.00, while BNP Paribas upgraded the shares to Neutral and moved its target from $266.00 to $420.00.
Other Institutional Activity in Tesla, Inc.
Institutional investors adjusted their holdings around the same period. Livforsakringsbolaget Skandia, Omsesidigt reduced its stake by 28,920 shares to end with 17,436 shares valued at about $6.19 million. Sumitomo Mitsui DS Asset Management Company grew its holdings by 13,717 shares, ending with 417,691 shares worth about $148.20 million. SBI Securities added 18,073 shares to hold 276,915 shares valued at about $98.25 million.
Tesla, Inc. Stock Up 0.3%
Tesla shares recently traded around $374.67, sitting above the 50-day moving average of $362.18 and below the 200-day moving average of $386.94. On October 22, 2026, the stock closed at $374.58. Shares trade 24.9% below their 52-week high of $498.83 and 26.0% above their 52-week low of $297.38.
$TSLA price target
Tesla, Inc. daily closes and this analyst's $442 target. Not advice.
Recent Earnings
Tesla generated trailing twelve-month revenue of $103.62 billion with earnings of $1.08 per share. The company reported a net profit margin of 3.7% and a return on equity of 4.7%. Year-over-year revenue growth reached 25.5%, supported by operations across its automotive and energy generation and storage segments.
Insider Buying and Selling at Tesla, Inc.
Insiders completed several transactions earlier in the year. Director Thompson Kathleen Wilson sold 26,409 shares on April 30, 2026, valued at approximately $9.99 million. Chief Financial Officer Vaibhav Taneja sold 3,000 shares at $450.00 on May 13, 2026, for a total of $1.35 million, followed by sales of 2,605 shares at $402.20 on June 8, 2026, and 2,605 shares at $360.13 on September 8, 2026.
About Tesla, Inc.
Headquartered in Austin, Texas, Tesla designs, manufactures, and sells electric vehicles and energy storage systems. The company also offers regulatory credits, maintenance, insurance, and retail merchandise. Its operations span the United States, China, and international markets.
Bottom Line
Canaccord Genuity's updated target highlights confidence in the automaker's long-term trajectory despite broader market shifts. Investors will monitor upcoming financial reports and institutional filing updates for further signs of momentum.
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Source: Canaccord Genuity's rating change on $TSLA (Oct 22, 2026). Written by software, not financial advice. How we make alerts