
PSNY Stock Forecast & Price Target
PSNY Analyst Ratings
Bulls say
Polestar Automotive Holding UK PLC has recently demonstrated a strong financial performance, successfully regaining compliance with NASDAQ listing standards and reporting significant earnings for the second quarter of 2024. The company projects a robust annual retail sales volume growth of 30-35% from 2025 to 2027 while targeting positive free cash flow in fiscal year 2027, alongside a forecasted return to positive gross margins in the fourth quarter of 2024. Additionally, Polestar has successfully secured over $800 million in bank facilities and plans to obtain an additional $400 million loan facility, indicating strong liquidity and financial support for its expansion plans.
Bears say
Polestar Automotive is forecasting significant challenges in FY24, anticipating a mid-teens percentage decline in revenue year-over-year and a negative gross margin that is expected to mirror the levels seen in FY23. The company's vehicle delivery estimates for FY25 and FY26 have been sharply reduced, resulting in lower revenue projections of approximately $4.15 billion and $5.68 billion, respectively, down from prior estimates due to below-expected sales of the Polestar 3 and Polestar 4 models. Additionally, Polestar reported a gross margin of -1.4% in Q3 2024, falling short of earlier expectations, alongside a notable adjusted EBITDA loss of approximately $180.5 million, reinforcing concerns over demand, operational difficulties, and competitive pressures in the electric vehicle market.
This aggregate rating is based on analysts' research of Polestar Automotive Holding UK PLC and is not a guaranteed prediction by Public.com or investment advice.
PSNY Analyst Forecast & Price Prediction
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