Ola Electric Investors are constantly worried about Ola Electric. The stock gave multibagger returns after listing and made a new high of Rs 157. The stock is now slowly going down. Meanwhile, Ola Electric Bank of America And Goldman Sachs has released its report. It focuses on many interesting points and also gives new targets.
If we look at the movement of Ola Electric Mobility shares, it is trading at a price of Rs 107 per share. In its latest report, Goldman Sachs has said important things related to the company. The brokerage says that the company can become a big player in India’s electric two-wheeler market. Revenue growth is expected to grow at a rate of 40% compound annual growth from FY 2024 to FY 2030, which means that the company will generate 10% of its free cash flow in FY 2030. Breakeven That is, it will turn from loss to profit. The company is expected to achieve 11.9%/27% EBITDA margin by FY 2030. Manufacturing of in-house battery cells will drive further growth of the stock in the coming years.
Goldman Sachs has given a buy rating on the stock and the target has been set at Rs 160.
BofA i.e. Bank of America has also released its report on Ola Electric. The report states that with a 40% share, Ola Electric is India’s largest electric two-wheeler company. The price of e-scooters is now lower than petrol scooters. Ola has solved the main pieces of the EV puzzle. The company’s portfolio is quite good. It is expected to reach a rate of 18% by FY 2028 and 25% by FY 2030.
Bank of America has given a buy recommendation on the stock and has given a target of Rs 145 per share.
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