Citi analyst Itay Michaeli lowered the firm’s price target on Polestar Automotive to $1.70 from $2.50 and keeps a Neutral rating on the shares. The firm cites recent data points including vehicle deliveries and external financing for the target drop. Given the softer Q1 deliveries and other recent data points, Citi lowered estimates.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PSNY:
- Polestar Automotive postpones Q4 earnings report after finding accounting errors
- Polestar (NASDAQ:PSNY) Surges With New Charging System
- Unusually active option classes on open April 29th
- Polestar, StoreDot charge Polestar 5 prototype from 10-80% in 10 minutes
- Unusually active option classes on open April 19th