Analysts Bullish About Porsche AG After IPO
Goldman Sachs, JPMorgan, Chase & Co., Citigroup and Deutsche Bank analysts rated the luxury automaker as a buy or equivalent this week.

Goldman Sachs, JPMorgan, Chase & Co., Citigroup and Deutsche Bank analysts rated the luxury automaker as a buy or equivalent this week.
IMAGE: Porsche
Analysts remain bullish about Porsche AG after its landmark initial public offering (IPO).
Goldman Sachs Group Inc., JPMorgan Chase & Co., Citigroup Inc. and Deutsche Bank AG analysts rated the luxury automaker a buy or equivalent this week. They cited the company’s brand presence, focus on electric vehicles and resilient financial performance as the reason why.
“We believe Porsche offers unique exposure to the luxury automotive segment, enjoying strong pricing power, allowing the firm to face challenges” including higher inflation costs, EV transition and autonomous driving, JPMorgan analysts led by Jose M Asumendi wrote.
The company’s $9.4 billion IPO represents the largest in more than a decade in Europe. The IPO delivered a positive outlook to a listings market that has struggled because of rising inflation, soaring interest rates, and the threat of global recession.
Porsche AG shares have surged more than 20% since its late September debut, with the company surpassing parent Volkswagen AG as Europe’s most valuable carmaker in October.
Analysts forecast another 5.1% gain in the next 12 months, based on estimates compiled by Bloomberg. JPMorgan predicts the stock will hit €140, implying a 40% rally.
Not every analyst was bullish. BNP Paribas Exane’s Dorothee Cresswell gave Porsche AG a neutral rating, warning that being part of Volkswagen group brings execution risk and dependency along with the positives of further scale and synergies.
Originally posted on Auto Dealer Today
More Industry

Penske Auto Group Deal a Record
The deal to take the dealership and transportation services company private sets a new pace for industry buy-sell transactions.
Read More →
War Toll a Damper on Used Auto Prices
Cox Automotive found wholesale depreciation to be elevated in September amid high fuel prices and this year's unusual hurricane season.
Read More →
Bridge the Maintenance Gap
With many drivers missing recommended maintenance, service departments offering transparency and efficiency have a better chance of reaching financially strained consumers.
Read More →
California Store Has New Owner
The longtime dealership in the northern part of the state is known for robust fleet sales and has served the state capital for 115 years.
Read More →
BMW Plant Pursues Cleaner Energy
BMW Group Plant Leipzig has utilized hydrogen to help power its production since 2013, but a new pipeline is planned to take it to another level.
Read More →
Auto Affordability Inches Up
The latest Cox Automotive and Moody’s Analytics index shows a slight increase in new-vehicle affordability despite high prices.
Read More →
Ohio Auto Group Under New Ownership
After 79 years with the Schluter family, Mansfield Auto Group has been acquired by Missouri-based Clement Auto Group.
Read More →
RV Group Expands Carolina Footprint
Blue Compass RV Columbia Northeast is the 13th RV dealership owned by Blue Compass in the Carolinas.
Read More →
Agent Acumen
An Agent Summit panel of people who’ve been supporting auto dealers for years gave both timely and timeless advice for those starting out or mulling the prospect.
Read More →
Missed Maintenance Creates Opportunity
As families get back on the road and into daily school routines, service drives have an opportunity to capture customers who are behind on recommended vehicle maintenance.
Read More →