Porsche: Oddo BHF raises TP

(CercleFinance.com) - Oddo BHF confirms its 'outperform' rating on Porsche shares, with a target price raised from E95 to E105, following the publication of quarterly results that are slightly ahead of expectations, with a 2024 EBIT guidance close to expectations.


Beyond 2024, the group clearly expresses confidence for 2025, expecting a strong acceleration in results with an expected return to the usual profitability standards, the analyst says, who therefore raises his scenario for 2024 and 2025.

Porsche seems to us to present an interesting stockmarket configuration. Following the new guidance, we feel that the bad patch of 2024 has been largely ironed out, allowing us to look forward to a rebound in 2025, Oddo BHF adds.


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