TD Cowen Maintains Hold on Stellantis (STLA), Boosts Price Target Amid Recovery Optimism

Stellantis N.V. (NYSE:STLA) ranks among the best stocks under $25 to buy now. On December 12, TD Cowen boosted Stellantis N.V. (NYSE:STLA)’s price target to $13 from $12, maintaining a Hold rating on the company’s shares. The firm expressed increasing confidence in the automaker’s North American recovery efforts, citing management’s enthusiasm for the vehicles, brand, and recovery mission as a major takeaway from recent talks.

The firm also stated that the HEMI mix might expand to 25-40% within 18-24 months, and that Cherokee volume is first aimed at retail, with the option for higher volume if import costs fall.

Stellantis N.V. (NYSE:STLA) also announced its plans of setting up Tesla’s North American Charging System for its electric vehicles in North America, Japan, and South Korea beginning in 2026. Stellantis N.V. (NYSE:STLA) is also slated to provide Uber with a minimum of 5,000 Level 4 autonomous vehicles to be used in a new robotaxi network. This collaboration entails employing NVIDIA’s DRIVE AGX Hyperion platform for autonomous vehicle operations.

Stellantis N.V. (NYSE:STLA) designs, engineers, manufactures, distributes, and sells cars, light commercial vehicles, engines, transmission systems, and mobility services worldwide. The company offers products under various brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Opel, Peugeot, Ram, and Vauxhall.

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Disclosure: None. This article is originally published at Insider Monkey.