Frankfurt (dpa-AfX)-The youngest course rally continues on Friday at the online used car dealer Auto1. After the shares reached another high since November 2021 at 31.30 euros, they recently claimed an increase of 3.2 percent to 30.92 euros. They were one of the largest winners in the MDAX who won almost one percent. Since the beginning of the year, the share price has almost doubled what Auto1 grants one of the front places in the index of medium -sized German companies for this period.
The US bank JPmorgan raised its price for the titles from 35 to 40 euros and remained “Overweight” when it was classified. This means that JPmorgan assumes that the shares will develop better than the respective sector in the next six to twelve months.
Analyst Marcus Diebel also pressed the papers the stamp “Positive Catalyst Watch” in his outlook on the quarterly report on November 5th. Diebel assumes that the dynamics continued to attract in the third quarter and considers an increase in the annual goals possible. He once again reminded of his optimal scenario from August, according to which he considers 60 euros to be reached for the shares. That would almost be a doubling from the current level and a record high.
In February 2021, Auto1 went to the stock exchange with a price of 38 euros per share. After the subsequent climb up to 56.76 euros, it went steeply for a good year. The subsequent sideways phase culminated into the low of 3.268 euros in March 2024. Since then, it has been going uphill almost without interruptions./Gl/la/men
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