In a report released today, Alexander Potter from Piper Sandler maintained a Buy rating on Stellantis (STLA – Research Report), with a price target of $38.00. The company’s shares closed yesterday at $22.83.
According to TipRanks, Potter is a 5-star analyst with an average return of 19.2% and a 46.04% success rate. Potter covers the Consumer Cyclical sector, focusing on stocks such as General Motors, Stellantis, and Rivian Automotive.
In addition to Piper Sandler, Stellantis also received a Buy from Kepler Capital ‘s Thomas Besson in a report issued on May 15. However, on May 7, DZ BANK AG maintained a Sell rating on Stellantis (NYSE: STLA).
STLA market cap is currently $69.34B and has a P/E ratio of 3.53.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of STLA in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Stellantis (STLA) Company Description:
Stellantis N.V. is a leading automotive group that designs, manufactures, distributes, and sells vehicles, components, and production systems. It distributes and sells vehicles under Jeep, Alfa Romeo, Chrysler, Abarth, Dodge, Fiat, Citroën, DS, Peugeot, Opel, Ram, and Vauxhall brands.
Read More on STLA:
- Stellantis and Leapmotor Launch EV Joint Venture
- Leapmotor International Begins Operations to Expand Global Electric Vehicle Sales Starting September 2024 in Nine European Countries, Followed by Other Key Growth Regions
- Stellantis-led joint venture Leapmotor International begins operations
- Biden administration to quadruple tariffs on Chinese EVs, WSJ says
- Stellantis Pro One achieves number 1 spot in Middle East, Africa region
