
Canaccord Genuity Group Forecasts Strong Price Appreciation for Tesla (NASDAQ:TSLA) Stock
- by americanbankingnews
- Sep 30, 2025
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Key Points
Canaccord Genuity Group has raised its price target for Tesla's stock from $333.00 to $490.00, suggesting a potential upside of 10.56% from its previous close.
Tesla currently holds a consensus rating of Hold among analysts, with 19 Buy ratings and 9 Sell ratings reported.
Institutional investors own 66.20% of Tesla's stock, reflecting significant investment activity, including major purchases by Norges Bank and Goldman Sachs. MarketBeat Week in Review – 09/22 - 09/26
In other news, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction on Monday, September 15th. The stock was sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the completion of the sale, the director owned 637,031 shares of the company's stock, valued at approximately $269,260,263.08. This trade represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total value of $7,275,000.00. Following the sale, the senior vice president directly owned 47,600 shares in the company, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 208,606 shares of company stock valued at $77,360,462. 19.90% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Tesla
Large investors have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Tesla during the second quarter worth about $11,839,824,000. Goldman Sachs Group Inc. increased its holdings in Tesla by 322.1% in the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock worth $6,891,201,000 after purchasing an additional 20,291,139 shares in the last quarter. Nuveen LLC bought a new stake in Tesla in the first quarter worth approximately $3,247,619,000. Kingstone Capital Partners Texas LLC increased its holdings in Tesla by 581,880.5% in the second quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer's stock worth $2,044,683,000 after purchasing an additional 6,435,598 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Tesla by 1.8% in the second quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer's stock worth $79,856,764,000 after purchasing an additional 4,502,976 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors.
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