Ola Electric, Goldman Sachs and BofA
Ola Electric stock in focus as Goldman Sachs, BofA initiate ‘buy’ calls, see a 50% upside
Shares of Ola Electric Mobility have garnered significant attention during Tuesday’s trading session following buy ratings from two major global brokerages, Goldman Sachs and BofA Securities. The share price increased by more than 7% on the positive brokerage notes.
'Buy' rating, 50% upside: Goldman Sachs bullish on Ola Electric
Goldman Sachs has also initiated coverage on Ola Electric, assigning it a 'buy' rating with a target price of ₹160 per share. This projection represents a potential 50% increase from the current stock price of ₹110 per share.
Ola Electric shares end 10% higher after two 'buy' ratings project targets of up to ₹160
While BofA Securities sees a potential upside of nearly 35% for shares of Ola Electric, Goldman Sachs sees up to 50% upside.
Ola Electric shares jump 10% to hit upper circuit on Goldman Sachs, BofA's 'buy' calls
While Goldman has assigned a price target of Rs 160 per share of Ola Electric, BofA has a target price of Rs 145 per share
Ola Electric shares surge 6% after Goldman, BofA initiate coverage, see up to 48% upside
Ola Electric Mobility shares rose 6% to Rs 114.30 after Goldman Sachs and BofA set target prices of Rs 160 and Rs 145. Goldman sees 48% upside; BofA sees 34%.
Goldman Sachs and BofA initiate 'buy' calls on Ola Electric Mobility; see over 48% potential gains
Ola Electric after stellar gains are now trading in a range, nonetheless brokerages remain upbeat on the stock's prospects.
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