Analysts Set Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Target Price at $3.83

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) has earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $3.83.

A number of equities research analysts have recently weighed in on the company. Piper Sandler restated a “neutral” rating and set a $2.00 target price (down previously from $3.00) on shares of Polestar Automotive Holding UK in a research report on Friday, March 15th. Sanford C. Bernstein assumed coverage on Polestar Automotive Holding UK in a research report on Wednesday, January 24th. They set an “underperform” rating and a $1.15 target price for the company. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $5.00 target price on shares of Polestar Automotive Holding UK in a research report on Friday, April 12th.

Institutional Investors Weigh In On Polestar Automotive Holding UK

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale bought a new stake in Polestar Automotive Holding UK in the third quarter valued at about $25,000. Principal Street Partners LLC bought a new stake in Polestar Automotive Holding UK in the fourth quarter valued at about $28,000. Avantax Advisory Services Inc. acquired a new position in Polestar Automotive Holding UK in the third quarter valued at about $34,000. Schechter Investment Advisors LLC acquired a new position in Polestar Automotive Holding UK in the fourth quarter valued at about $35,000. Finally, TD Asset Management Inc acquired a new position in Polestar Automotive Holding UK in the third quarter valued at about $45,000. Institutional investors own 1.02% of the company’s stock.

Polestar Automotive Holding UK Stock Performance

PSNY stock opened at $1.18 on Wednesday. Polestar Automotive Holding UK has a twelve month low of $1.16 and a twelve month high of $4.96. The business has a fifty day moving average of $1.55 and a 200-day moving average of $1.95.

About Polestar Automotive Holding UK

Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.