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Nicollet Today
By the People, for the People
Canaccord Genuity Boosts Generac Price Target to $300
Wall Street firm sees more upside for generator maker's stock
Apr. 1, 2026 at 9:19pm
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Canaccord Genuity Group raised its price target on shares of Generac (NYSE: GNRC) from $275 to $300, maintaining a 'buy' rating on the technology company's stock. The new price target represents a potential upside of 50.76% from the company's previous close.
Why it matters
Generac is a leading manufacturer of backup power generators and other energy technologies. This price target increase from a major Wall Street firm signals continued optimism about the company's growth prospects and ability to capitalize on rising demand for reliable power solutions.
The details
In a research note, Canaccord Genuity cited Generac's strong market position and product lineup as reasons for the higher price target. The firm believes the company is well-positioned to benefit from increased adoption of backup generators, clean energy technologies, and power management systems.
- Canaccord Genuity issued the updated price target on April 1, 2026.
The players
Canaccord Genuity Group
A global financial services firm that provides investment banking, advisory, equity research, sales and trading services.
Generac
A leading manufacturer of backup power generation products for residential, commercial and industrial applications.
What’s next
Investors will be watching to see if Generac's stock price can reach Canaccord Genuity's new $300 price target in the coming months.
The takeaway
This price target increase underscores Wall Street's confidence in Generac's ability to maintain its leadership in the backup power generation market and expand into emerging clean energy technologies.
