Tesla Rallies as Canaccord Lifts Target to $515 on EV Growth
A Tesla Inc. Model S electric vehicle charges at the Tesla Tejon Ranch Supercharger location in Lebec, California.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Tesla Inc.’s price target was raised by more than $100 at Canaccord Genuity, which wrote that the trend toward electric vehicles “will only accelerate in 2020.”
The target was raised to $515 from $375, one of the highest on Wall Street and near the Street-high view of $530. The average price target is about $302, according to Bloomberg data.