J.P. Morgan Keeps Their Buy Rating on Stellantis (STLA)

In a report released today, Jose Asumendi from J.P. Morgan maintained a Buy rating on Stellantis (STLAResearch Report), with a price target of EUR21.00. The company’s shares closed last Friday at $15.45.

Asumendi covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Stellantis, and Mercedes-Benz Group. According to TipRanks, Asumendi has an average return of 5.1% and a 52.15% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Stellantis with a $22.87 average price target, implying a 48.03% upside from current levels. In a report released on January 6, Kepler Capital also maintained a Buy rating on the stock with a EUR25.00 price target.

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STLA market cap is currently $48.45B and has a P/E ratio of 2.80.

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Stellantis N.V. is a leading automotive group that designs, manufactures, distributes, and sells vehicles, components, and production systems. It distributes and sells vehicles under Jeep, Alfa Romeo, Chrysler, Abarth, Dodge, Fiat, Citroën, DS, Peugeot, Opel, Ram, and Vauxhall brands.

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