Porsche AG: Two very different expert price targets for the share

Equity experts at Goldman Sachs left Porsche AG with a „Buy” rating and set a price target of €120. Presentations at the European Automotive Investor Conference were cautiously optimistic, according to industry research. Galliers According to Goldman Sachs, the coming year will be characterized by an improvement in semiconductor supply and an effort to maintain the price-mix ratio. In addition, experts expect inflationary pressures on automakers to ease, but are likely to continue to cause problems for auto suppliers. The , stock experts at US research firm Bernstein Research have affirmed an “Underperform” rating on future DAX-listed preferred shares of Porsche AG. The share price of the entrant to the stock market still has a price target of 85 euros. In an industry study on the sustainability initiatives of European car manufacturers, analysts found that the composition of those in charge and the board needed improvement. According to Bernstein, it is important that investors demand changes in this area to ensure the successful implementation of sustainability initiatives in the automotive industry. Stock experts recommend that investors check the composition of the responsible persons and the board of directors and, if necessary, pressure the company to make improvements. , shares of Porsche AG (WKN: PAG111 , ISIN: DE000PAG9113 , Chart ) were targeted in recent days after the newcomer’s share price hit an all-time high of €112.15 on November 22. Porsche shares closed trading at €101. 0 on the XETRA on Friday, after hitting an intraday low of €99.85. As for the tables, support is offered for the Porsche AG share below the limit of 100 euros, and the zone is 98.65/99.50 euros.

Michael Cooper

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