Porsche shares in the red: How experts assess the situation and what price target is mentioned

Porsche shares in the red: How experts assess the situation and what price target is mentioned

According to a report by m.ariva.de, Porsche shares are currently in the red, with investors recently paying 83.90 euros for the share. This corresponds to a price loss of 0.19 percent compared to the previous trading day.

Porsche is currently suffering from a price decline, while the overall market, measured by the DAX, has risen by 0.67 percent. The current price of 83.90 euros is close to an all-time low, which was 81.00 euros in October 2022. So the company only has a buffer of 3.46 percent until this low point.

The US bank JPMorgan recently lowered the price target for Porsche AG from 140 to 120 euros, but left the rating at “Overweight”. The internationalization of the automobile market and the introduction of new suppliers from China and North America could gain market share and disrupt the market. This could lead to loss of market share for established manufacturers such as Volkswagen, GM, Ford and Stellantis. However, within the Volkswagen Group, the Porsche brand is expected to experience a recovery.

This could lead to increased volatility in the automotive industry and influence investors' investment decisions. It is important to closely monitor developments in this sector and implement appropriate risk management strategies.