Where is Stellantis N.V. (STLA) Headed According to Analysts?

Stellantis N.V. (NYSE:STLA) is one of the top cheap stocks under $20 to buy now. Kepler Capital reaffirmed a Buy rating on Stellantis N.V. (NYSE:STLA) on December 11, setting a price target of €12.00. However, the same day, Stellantis N.V. (NYSE:STLA) was downgraded to Underperform from Neutral by BNPP.

In another development, Stellantis N.V. (NYSE:STLA) announced a partnership with Bolt on December 9 for the joint exploration of the development and deployment of Level 4 (driverless) autonomous vehicles for commercial operations across Europe. Management reported that the collaboration would combine Stellantis N.V.’s (NYSE:STLA) AV-Ready Platforms™, specifically the eK0 medium size van and STLA Small platforms, with the extensive mobility network by Bolt.

Bolt presently provides ride-hailing services in over 50 countries, including 23 EU Member States, and aims at integrating Stellantis N.V.’s (NYSE:STLA) autonomous vehicles into its shared mobility platform for the provision of driverless, fully autonomous ride-hailing services.

Stellantis N.V. (NYSE:STLA) further reported that the two companies have plans to initiate the deployment of test vehicles for trials in European countries beginning in 2026, with the deployment following a phased approach going from prototypes and pilot fleets to progressive industrial scale-up, with an initial production target in 2029.

Stellantis N.V. (NYSE:STLA) designs, manufactures, distributes, and sells vehicles. 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.