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Volkswagen: RBC sees potential for electric cars in Europe
Volkswagen (VW) shares with an “Outperform” rating from RBC Capital Markets. Experts expect the electric car market to strengthen. Info here!
Volkswagen: RBC sees potential for electric cars in Europe
The Canadian bank RBC gave Volkswagen a rating of “outperform” and a price target of 143 euros based on the delivery figures for March. According to analyst Tom Narayan, the first quarter will highlight the weaknesses of the company's electric car business in Europe. He predicts that overall electric car sales data in Europe will be weak. If this assumption is not confirmed, this could indicate that Volkswagen is losing market share in the area of electric vehicles in its home market.
The original study was published on April 10, 2024 at 11:19 a.m. EDT. Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 Paragraph 1 WpHG, Art. 20 Regulation (EU) 596/2014 for the analyst firm mentioned can be found on the website http://web.dpa-afx.de/offenlegenspflicht/offenlegens_pflicht.html.
It remains to be seen how Volkswagen's market shares in the electric car sector will develop in Europe. RBC Capital Markets' retention of an Outperform rating shows some confidence in the company's future performance. The first quarter results will show whether Volkswagen is able to further consolidate its position in the electric vehicle market. Interested investors should continue to closely monitor developments at Volkswagen in order to make informed investment decisions.