Polestar Automotive (PSNY) Stock: $10 Target And Hold Rating

By Amit Chowdhry ● Aug 4, 2022
  • The shares of Polestar Automotive (PSNY) recently received a $10 price target from Deutsche Bank. These are the details.

The shares of Polestar Automotive (PSNY) recently received a $10 price target from Deutsche Bank. And Deutsche Bank analyst Emmanuel Rosner initiated coverage of Polestar with a “Hold” rating.

Rosner adjusted the rating while noting that Polestar’s key strength is the intimate partnership with Geely and Volvo, creating an asset-light business model, speeding the time to market, reducing manufacturing and supply risk, and enabling the company to focus on design, expansion, and brand building. And unlike many other electric vehicle startups, Polestar already delivered over 50,000 vehicles worldwide since starting production last year.