The private bank Berenberg has raised the price target for BMW from 99 to 102 euros after a change in analysts and left the rating at “Hold”.
In the automotive sector, supply chain risks have diminished, but demand concerns have become the focus, wrote Romain Gourvil, the analyst now responsible for BMW, in a study available on Friday. He revised his assumptions for manufacturers downwards by 2025, citing economic concerns and price-mix erosion caused by competition. A lot of positive things are priced into BMW, but he prefers Mercedes-Benz for valuation reasons.
BMW runs special shifts – from 2026 New class of volume production
According to CEO Milan Nedeljkovic, the automobile manufacturer BMW is currently barely able to meet demand. “We are ramping up production, going into three-shift operation at individual locations and also producing on Saturdays,” Nedeljkovic told Focus Money magazine. “The capacity utilization of the plants is well over 100 percent.”
At the IAA Mobility, the group presented the future electric model series Neue Klasse. The first vehicles are scheduled to roll out of the factory in 2025, and according to Nedeljkovic, volume production will start in 2026 at a plant in Hungary – aimed at a capacity of 150,000 units. “Further models of the new class will then also be launched in other plants,” announced the BMW board.
The BMW share temporarily lost 0.84 percent to 94.23 euros via XETRA.
HAMBURG / FRANKFURT (dpa-AFX Broker / Dow Jones Newswires)
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