Morgan Stanley boosts target price, yet expresses reservations...
Porsche Stock Soaring: A Bullish Outlook for Shareholders
Things are looking rosy for Porsche stock holders. Since a rocky start shortly after the IPO, priced at 81 euros, the DAX stock has bounced back by around 25 percent. The future prospects also appear promising, although some analysts remain skeptical and are reluctant to see much potential in the preferred stock.
Harald Hendrikse, an analyst from Morgan Stanley, doesn't seem to be a fan of Porsche's stock. He had set a modest 12-month price target of 82.50 euros for the preferred stock back in fall, well below the average analyst forecast of 108 euros. Recently, Hendrikse has revised his price target to a more optimistic 90 euros.
Porsche AG (WKN: PAG911): Analyst Predictions
However, other analysts are much more optimistic about Porsche's stock. For example, Patrick Hummel of UBS raised his price target for the stock to an impressive 115 euros on Monday, citing Porsche's likely achievement of its annual targets with exceptionally strong delivery numbers in the fourth quarter.
Citigroup also maintains a bullish stance, anticipating a 12-month potential as high as 120 euros for Porsche AG's stock. Jürgen Pieper from Metzler Bank is even more enthusiastic, recommending the DAX stock with a target price of 130 euros.
Out of the 23 analysts listed on Bloomberg, only one currently advises against purchasing Porsche's stock. Daniel Roeska from Bernstein predicts a decline in Porsche's stock to 85 euros.
BÖRSE ONLINE anticipates the well-positioned sports car company to continue showing upward momentum, recently updating its price target from 120 to 125 euros.
By the way, Volkswagen vs. Mercedes: 2 German stocks with huge growth potential
Disclosure of Conflicts of Interest
The CEO and majority shareholder of the publisher Börsenmedien AG, Mr. Bernd Förtsch, has direct and indirect positions in Porsche AG's financial instruments, which could indirectly benefit from price developments resulting from the publication.
The author also holds positions in Porsche AG's financial instruments, which could potentially gain from the publication's potential price changes.
- Jürgen, from Metzler Bank, recommends buying Porsche's DAX stock with a target price of 130 euros.
- Porsche AG's stock is expected to continue showing upward momentum, with BÖRSE ONLINE recently updating its price target from 120 to 125 euros.
- In contrast, Daniel Roeska from Bernstein predicts a decline in Porsche's stock to 85 euros.
- Among 23 analysts listed on Bloomberg, only one currently advises against purchasing Porsche's stock.
- Despite some skepticism, many analysts are optimistic about Porsche's stock, with price targets ranging from 90 euros to 115 euros.
