Shares of EV manufacturer Polestar Automotive (NASDAQ: PSNY) fell more than 13% in today’s trading session. This can be attributed to the ongoing unrest in China due to the country’s strict lockdown policy.
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Investors seem to be worried that Polestar’s production and supply chains may be disrupted as a result of the protests.
Is PSNY a Good Stock to Buy?
PSNY stock has a Hold consensus rating based on one Buy, one Hold, and one Sell assigned in the past three months. The average PSNY stock price target of $10.50 implies over 53% upside potential.
