Canaccord raised Tesla stock target from USD 410 to USD 442

Published on 10/26/2026 at 12:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue reached USD 28.05 billion versus USD 27.90 billion. Tesla stock trades at EUR 338.53 on October 26, 2026, 0.74 percent above Xetra close.

Analyst targets shape Tesla

Canaccord raised its Tesla target from USD 410 to USD 442 on October 22, 2026.
Tesla reported third-quarter revenue of USD 28.05 billion versus USD 27.90 billion expected.
Tesla stock trades at EUR 338.53 at 12:19 p.m. CET at Lang & Schwarz on October 26, 2026, 0.74 percent above the Xetra close of October 23, 2026.
Tesla's market capitalization was USD 1.5 trillion as of October 23, 2026.

Tesla, US88160R1014, Illustration mit AI erstellt.

Tesla stock (ISIN US88160R1014) trades at EUR 338.53 at Lang & Schwarz on October 26, 2026 at 12:19 p.m. CET, 0.74 percent above the Xetra close of October 23, 2026 at EUR 336.05. Canaccord Genuity raised its Tesla price target from USD 410 to USD 442 on October 22, 2026, as CNBC reported.

Canaccord lifts target to USD 442

The higher target followed Tesla's third-quarter results, which exceeded consensus on adjusted earnings and revenue. CNBC reported adjusted earnings per share of USD 0.48 against USD 0.43 expected and revenue of USD 28.05 billion against USD 27.90 billion expected for the quarter ended September 30, 2026.

The analyst picture remains divided. The same CNBC report listed Goldman Sachs with a USD 360 target and Morgan Stanley with a target raised from USD 400 to USD 410, putting the USD 442 Canaccord view at the upper end of the cited range.

Three dates define the story

On October 2, 2026, Tesla reported 464,391 vehicles produced, 486,532 delivered and 13.7 gigawatt hours of energy storage deployments in the third quarter through Tesla Investor Relations. On October 21, 2026, the company released its third-quarter results, and on October 22, 2026, Canaccord raised its target to USD 442.

What does the target change mean?

The target increase puts valuation against a quarter with mixed operating signals. Tesla's automotive revenue declined 3 percent year over year to USD 20.56 billion, while services and other revenue rose 33 percent to USD 4.61 billion, according to CNBC.

The next dated milestones in this news cycle were October 21, 2026, the third-quarter results, and October 22, 2026, the analyst update. Tesla's automotive margin excluding credits increased from 16.3 percent to 18.1 percent sequentially in the third quarter, while energy gross margin improved from 20.4 percent to 33.1 percent, according to the Yahoo Finance transcript.

Tesla stock holds near EUR 339

Tesla's market capitalization was USD 1.5 trillion as of October 23, 2026, while its 52-week range was USD 297.38 to USD 498.83. At Lang & Schwarz, Tesla stock was trading at EUR 338.53 on October 26, 2026 at 12:19 p.m. CET, 0.74 percent above the Xetra close of October 23, 2026 at EUR 336.05. The further course of trading is shown by the continuously updated real-time quote of Tesla stock.