Polestar Automotive Holding UK PLC Share Price Rises 4.7% – Analysts Set New Price Targets

Are you looking to invest in the electric vehicle industry? If so, you may want to take a closer look at Polestar Automotive Holding UK PLC (NASDAQ:PSNY). This company, which manufactures and sells premium electric vehicles, has been making waves in the market recently.

On Friday, Polestar Automotive Holding UK’s share price was up 4.7%, reaching a high of $0.89 before closing at $0.87. While trading volume was lower than average, analysts have set new price targets for the stock. Cantor Fitzgerald reaffirmed an “overweight” rating with a target price of $3.00, while Barclays and Citigroup both adjusted their price targets lower.

Despite some mixed ratings from analysts, the stock is showing positive momentum, with a 7.6% increase in the stock price. The company’s fifty-day and 200-day moving averages are $0.80 and $1.17, respectively, indicating potential for further growth.

Institutional investors have also shown interest in Polestar Automotive Holding UK, with several large investors adding to their stakes in the company. Susquehanna Fundamental Investments LLC, Scientech Research LLC, and Marshall Wace LLP are among the investors who have recently acquired positions in the company.

Overall, Polestar Automotive Holding UK is a company to watch in the electric vehicle industry. With a focus on premium electric vehicles and a growing presence in the market, the company has the potential for future growth. Keep an eye on this stock as it continues to make waves in the industry.

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