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Tesla Analyst Raises Price Target by 47% Ahead of Q3 Delivery Report
Tesla Analyst Raises Price Target by 47% Ahead of Q3 Delivery Report
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BTCCSquare news:
Canaccord Genuity's George Gianarikas, ranked among TipRanks' top 10% of analysts, increased his Tesla price target from $333 to $490—a 47% boost—ahead of Thursday's Q3 delivery update. The revised target suggests 10.6% upside potential, despite FactSet projections of a 3% quarterly delivery decline to 448,000 vehicles.
Gianarikas cites a "positive break in trend" from global delivery checks across 30 countries, with new model launches potentially offsetting expiring U.S. tax credits. His analysis weighs Tesla's energy storage prospects and management's product roadmap against recent sluggish growth.
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