Analysts of investment bank “Goldman Sachs” advise clients to buy shares of “Aston Martin Lagonda Global Holdings” for the first time in almost four years. Analysts believe the luxury carmaker’s current lineup is the best in its 110-year history.
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“Bloomberg” reports – analysts have almost doubled their stock price forecast, predicting that “Aston Martin” will present a new basic model every quarter until the end of next year. New specialty models, including the DBR22 and Valor, should also help drive higher average selling prices and margins.
Shares in Aston Martin rose 6.9% in London, outpacing a general rise in UK stocks, boosted by low inflation.
Since May 2021, when the bank changed the rating of the car manufacturer’s shares to neutral from the previously expressed recommendation to sell, the value of “Aston Martin” shares has decreased by approximately half.
The luxury car maker’s shares have fallen by 90% since its debut on the stock market.
2023-07-19 12:16:23
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