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Jefferies recommends Daimler Truck: target price at 50 euros!
Jefferies rates Daimler Truck shares as “Buy” and names a price target of 50 euros after positive quarterly figures.
Jefferies recommends Daimler Truck: target price at 50 euros!
Jefferies & Company Inc. has rated Daimler Truck shares as “Buy” and set a price target of 50 euros. This was announced on May 14, 2025, the date of the upcoming quarterly results publication. The truck manufacturer's key figures were better than many analysts expected, which supports the company's positive rating. At the same time, Daimler Truck was forced to announce a reduced earnings target for 2025, which had, however, been largely anticipated in advance.
The Daimler Truck share is currently fluctuating in XETRA trading and fell by 0.6 percent to 39.51 euros. The distance to the price target of 50 euros is therefore 26.55 percent. So far, 356,353 shares have been traded, while the stock has recorded an increase of 7.2 percent since the beginning of 2025. These developments suggest that investors remain optimistic about the brand, despite the revisions to earnings forecasts.
Market analysis and outlook
Analysts at Jefferies emphasize that the company's published key figures were less bad than initially feared. These insights should help maintain confidence in Daimler Truck shares, especially at a time when many companies are facing market uncertainty. Daimler Truck's Q1 2025 financial statements are expected to be released on May 14, 2025 at 2:01 a.m. ET.
The company strives to assert itself in an increasingly competitive market. Analysts agree that continued investment in innovation and increased efficiency will be crucial to Daimler Truck's future success. At the same time, rising production costs and changing market conditions are being closely monitored.
In summary, Jefferies views Daimler Truck shares positively based on current developments and sees growth potential for the coming months. Investors and market observers are now looking forward to the upcoming quarterly results, which may provide additional insights into the company's financial position and strategic actions.