Goldman Sachs Thinks Stellantis’ Stock is Going to Recover

Goldman Sachs analyst George Galliers maintained a Buy rating on Stellantis (STLAResearch Report) today and set a price target of EUR27.00. The company’s shares closed last Tuesday at $16.82, close to its 52-week low of $16.05.

Galliers has an average return of 9.9% when recommending Stellantis.

According to TipRanks.com, Galliers is ranked #2986 out of 7793 analysts.

Stellantis has an analyst consensus of Strong Buy, with a price target consensus of $28.06, which is a 58.5% upside from current levels. In a report issued on February 25, Societe Generale also maintained a Buy rating on the stock with a EUR28.00 price target.

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Stellantis’ market cap is currently $53.1B and has a P/E ratio of 3.14.

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Fiat Chrysler Automobiles NV engages in the design, engineering, manufacturing, distribution and sale of automobiles and light commercial vehicles, engines, transmission systems, automotive-related components, metallurgical products and production systems. It operates through the following geographical segments: North American Free Trade Agreement, Latin America, Asia-Pacific, Europe, the Middle East & Africa, Maserati, and Components. The NAFTA segment engages in the designing, engineering, development, manufacturing, distributing and selling of automobiles under the Chrysler, Jeep, Dodge, Ram and Fiat brand names, vehicles with the SRT performance designation and from sales of the related parts and accessories in the United States, Canada and Mexico. The LATAM segment sells passenger cars and light commercial vehicles and related spare parts under the brand names, Fiat and Fiat in South and Central America and it also provides financial services in Brazil and Argentina. The APAC segment offers cars, engines and transmissions and related spare parts under the Chrysler group and Fiat brands in China, Japan, Australia and India. The EMEA segment designs, develops and sells passenger cars and light commercial vehicles under the Fiat, Alfa Romeo, Lancia, Chrysler, Abarth and Fiat Professional and the sale of the related spare parts in Europe, Middle East and Africa. The Maserati segment manufactures, designs, engineers distribution and sale of luxury vehicles under the Maserati brand. The Components segments includes production and sale of lighting components, body control units, suspensions, shock absorbers, electronic systems, and exhaust systems, and others. The company was founded on April 1, 2014 and is headquartered in London, the United Kingdom.

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