On December 20, 2024, Porsche Automobil Holding SE will show a mixed picture on the XETRA floor. After a decline of 0.7% to EUR 35.62 on December 13th, the serious first warning signal in the form of a “Shooting Star” candlestick, the share price has been able to rise in recent days. The price rose by 1.0% to EUR 34.33 on yesterday's trading day, which represents a notable increase from the opening price of EUR 34.00. However, the situation remains tense given a 52-week low of EUR 33.40, as the paper is still 2.78% higher, as stock-world.de reports.
This is expected to be the last decline of over 34% since the peak in April 2024, when the share was quoted at EUR 52.32. Currently, the market capitalization stands at EUR 5.3 billion, which was highlighted by the challenging market conditions. Despite these problems, analysts remain optimistic about Porsche's future. They expect an increase in the dividend from EUR 2.56 to EUR 3.06 per share this financial year, which could suit potential investors. The experts' average price targets are EUR 47.33, which has significant upside potential for the share, as finanzen.net has found.
Investors in view
The high expectations go hand in hand with the forecast earnings of EUR 13.77 per share for the 2024 financial year, with the next quarterly figures scheduled for March 25, 2025. It remains to be seen whether Porsche Automobil will be able to fulfill this hope and stabilize its position in the competition.
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