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Volkswagen:Quarterly Results/2024 Q1: Difference between revisions
Volkswagen:Quarterly Results/2024 Q1 (view source)
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== Analysts' Opinions == | == Analysts' Opinions == | ||
=== Positive comments on China Capital Markets Day === | |||
* Neutral, €150: China capital markets day raised as many questions than it answered, Bernstein Research said in a note (April 29, 2024)<ref>https://www.finanzen.net/nachricht/aktien/volkswagen-vw-vz-analyse-bernstein-research-vergibt-market-perform-an-volkswagen-vw-vz-aktie-13460101</ref>. | |||
* Analyst George Galliers of Goldman Sachs said Volkswagen continues to see China as an attractive and growing market (April 25, 2024)<ref>https://www.finanzen.net/nachricht/aktien/volkswagen-vw-vz-aktie-goldman-sachs-group-inc-vergibt-neutral-13452834</ref>. | |||
* Buy, €135: Analyst Henning Cosman said Volkswagen delivered a solid China Capital Markets Day (April 25, 2024)<ref>https://www.finanzen.net/nachricht/aktien/aktienempfehlung-volkswagen-vw-vz-aktie-barclays-capital-bewertet-anteilsschein-in-neuer-analyse-13451848</ref>. | |||
* Neutral, €128: Analyst Jose Asumendi of JP Morgan said Volkswagen provided 'excellent" details during its China Capital Markets Day. Details on all divisions such as powertrain mix, competitive landscape and financial targets were clearly explained (April 24,2024)<ref>https://www.finanzen.ch/nachrichten/aktien/aktien-analyse-jp-morgan-chase-co-bewertet-volkswagen-vw-vz-aktie-1033281507</ref>. | |||
=== Q1 is likely to be weaker === | |||
* Neutral, €146->€140: Analyst George Galliers of Goldman Sachs expects Volkswagen's Q1 to be weaker due to model changes (April 22, 2024)<ref>https://www.finanzen.net/nachricht/aktien/volkswagen-vw-vz-analyse-volkswagen-vw-vz-aktie-von-goldman-sachs-group-inc-mit-neutral-bewertet-13438997</ref>. | |||
* Buy, €150: Analyst Philippe Houchois of Jefferies said a strong price development since the start of the year and a mediocre business in Q1 made him cautious about its Q1 results (April 22, 2024)<ref>https://www.finanzen.ch/analyse/volkswagen-vw-vz-buy-949066</ref>. | |||
=== Positive mood on Q1 === | |||
* Outperform, €143-> €140: Analyst Tom Narayan of RBC said the mood on Q1 results is positive. He notes that prices have held up while pent up demand after Corona pandemic is still there (April 17, 2024)<ref>ttps://www.finanzen.net/analyse/volkswagen_vw_vz_outperform-rbc_capital_markets_948059</ref>. | |||
== Subsidiaries Management Guidance and Analysts' Estimate == | == Subsidiaries Management Guidance and Analysts' Estimate == | ||