A prominent Wall Street firm has applied the brakes to its outlook for Porsche AG. In a move that comes just weeks before the luxury automaker’s annual results, Goldman Sachs has meaningfully lowered its price target for the stock, setting the stage for a critical test of investor confidence in March.
Revised Target and Cautious Stance
On February 25, analysts at the U.S. investment bank adjusted their valuation for Porsche, reducing the price target from €46 to €40. They maintained a “Neutral” rating on the shares. This revision is attributed to updated estimates ahead of the anticipated mid-March release of the company’s full-year financial statements. The accompanying research note also references potentially challenging years in 2026 and 2027, with a significant new model offensive not expected until 2028.
This adjustment sends a clear message to the market: near-term catalysts appear limited, and the bar for the company to deliver positive surprises with its upcoming guidance is now set high.
Mounting Headwinds for the Automaker
This more skeptical perspective arrives as Porsche navigates several existing pressures. The analysis cites declining delivery figures and a strategic pivot toward developing and producing more internal combustion engine models.
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Furthermore, investor expectations for a fresh impetus from new Chief Executive Officer Michael Leiters, who took over from Oliver Blume at the start of the year, are now colliding with a more guarded outlook for 2026.
Share Price Nearing Annual Low
The stock’s recent performance underscores the cautious sentiment. As of Thursday’s close, Porsche shares traded at €41.58. This price sits just 4.7% above the 52-week low of €39.70, recorded on February 9, 2026. The equity continues to trade below key moving averages, remaining approximately 5.1% below its 200-day average and 3.2% beneath its 50-day average. A Relative Strength Index (RSI) reading of 35.2 further indicates weak near-term momentum.
All eyes are now firmly fixed on the next scheduled catalyst. Porsche will present its official annual business figures on March 11, 2026. This publication will serve as a crucial litmus test, primarily indicating whether management’s outlook confirms the difficult 2026/2027 period outlined by Goldman Sachs or if it can project a more compelling growth narrative sooner.
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