1 Wall Street Analyst Just Raised Tesla Stock's Price Target by Over $100. Is It a Buy?
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Tesla's stock surged over 62% in 2024, but the company disappointed with lower-than-expected fourth-quarter deliveries. Despite this, Canaccord Genuity analyst George Gianarikas raised the price target by $106 to $404, maintaining a buy rating. He highlights the potential of Tesla's full self-driving technology and new products, including autonomous vehicles and energy storage solutions, as key growth drivers. Gianarikas believes Tesla could grow earnings at twice the rate of other tech stocks, making it a buy if new products succeed.
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