What Do Analysts Think About Polestar Automotive Holding (PSNY)?

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) is one of the best transportation stocks to buy according to Wall Street analysts. On February 18, Polestar Automotive Holding UK PLC (NASDAQ:PSNY) was downgraded by Cantor Fitzgerald to Underweight from Neutral without a price target. The firm supported the downgrade with several factors, including its lower delivery expectations, the recent share price appreciation, the company’s additional capital needs, and its “unclear” autonomy strategy for the downgrade.

Cantor further stated that Polestar Automotive Holding’s (NASDAQ:PSNY) business update showed that it now anticipates low double-digit volume growth in fiscal 2026, down from the prior target of 30%-35% compound annual retail sales volume growth from 2025 to 2027. According to the firm, the new volume guidance can result in a 16% cut to 2026 revenue estimates, which is “disappointing”.

The rating update came the same day Polestar Automotive Holding UK PLC (NASDAQ:PSNY) announced the “largest model offensive in its history”, with four new cars planned in the next three years. By 2028, the company plans to bring the Polestar 5, Polestar 4, Polestar 2, and Polestar 7 to the market. It also reported that with a disciplined approach, it anticipates low double-digit volume growth and a continued retail network expansion of 30% in 2026.

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) is a Swedish electric performance car brand involved in developing, commercializing, marketing, and selling battery electric vehicles and related technology solutions. The company’s offerings include the following: Polestar 2 (PS2), a premium fast-back sedan, the Polestar 3 (PS3), a luxury aero sport-utility vehicle, the Polestar 4 (PS4), a premium sport utility vehicle, the Polestar 5 (PS5), a luxury sport grand-touring sedan, and the Polestar 6 (PS6), a luxury roadster.

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