Stellantis: Invest Securities adjusts target price
(CercleFinance.com) - Invest Securities maintains its "neutral" rating on the Stellantis share, pending opportunities for entry points on the stock, although has increased its corresponding target price from 14.
5 euros to 15 euros, the day after the carmaker's annual results.
This presentation had a common thread: this is not a crisis merger and Stellantis will not be a "legacy company" stuck in the old car business. It is a in a way a "software company"! suggesting... that investors should consider Tesla's multiples, the analyst says.
While waiting for investors to be seduced by C. Tavarez, who is not short of arguments, more details are needed, with the CMD planned for the end of 2021, with the group having to cross a first half that remains uncertain first, strewn with headwinds, he continues.
The market also seems cautious towards the stock - it is down over 2.5% in early trading on Thursday.
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