Analysis and Recommendations for Polestar Automotive Holding UK PLC (NASDAQ:PSNY)
Are you considering investing in Polestar Automotive Holding UK PLC (NASDAQ:PSNY)? Marketbeat.com reports that the stock has received a consensus recommendation of “Hold” from six ratings firms, with two analysts giving a sell recommendation, two giving a hold recommendation, and two recommending a buy. The average 12-month target price for the stock is $3.48.
Recent reports from research firms like Piper Sandler, Cantor Fitzgerald, Sanford C. Bernstein, and Citigroup have provided insights into the stock’s performance and potential. Institutional investors and hedge funds, such as Invesco Ltd., Rafferty Asset Management LLC, and Healthcare of Ontario Pension Plan Trust Fund, have also made modifications to their holdings of PSNY.
When looking at the price performance of Polestar Automotive Holding UK, the stock opened at $1.24 on Friday, with a 52-week low of $1.16 and a high of $4.96. The company, which manufactures and sells premium electric vehicles, is headquartered in Gothenburg, Sweden.
If you’re interested in learning more about potential investment opportunities, MarketBeat has identified the top five stocks recommended by Wall Street’s best-performing analysts. While Polestar Automotive Holding UK currently has a “Hold” rating, these five stocks may offer better prospects for investors.
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