PSNY - Polestar Has Global Reach Patient Strategic Shareholders And A Believable Path To Breakeven Says Analyst | Benzinga
Piper Sandler analyst Alex Potter initiated coverage on Polestar Automotive Holding UK Limited (NASDAQ: PSNY) with an Overweight rating and a price target of $3.
Due to Polestar's singular focus on premium electric vehicles, all of Polestar's future launches will cost at least $60k, with some products easily exceeding $100k, notes the analyst.
Though this strategy limits the size of PSNY's addressable market, the analyst says, high prices should support above-average margins.
The company can look to sell 325,000+ units/year, with 11% operating margin, writes ...