BMW shares: A joke is being played!

BMW has a changed strategy compared to the competition. German automakers typically produce electric vehicles and combustion engines in the same factory, after which production can be adjusted to current needs at short notice. Basically, the group continues to focus on the sale of combustion engines. However, the market for electric vehicles has not been neglected, although BMW already has a good market position here as well. Interestingly, the annual survey of the car, which is available to dpa, recently reported clear results.

BMW stock chart

It seems that combustion engines continue to be popular with consumers, as 68 percent of those surveyed would currently prefer a combustion engine to an electric car. However, a downward trend can be seen here, because in 2023 72 percent of those surveyed still gave preference to combustion engines. More than 1,000 participants took part in a representative survey. Despite the small number of respondents, it can be seen that BWM continues to benefit from the current market preferences, at least as far as things go.

BMW participates in the analysts’ view!

Now leading analysts have taken another look at the prospect BMW stock busy. Analyst Tim Wunderlich from Deutsche Bank Research left the price target at 120 euros and confirmed the rating at “Buy”. The expert based his assessment on the news event held by the group, where management seemed optimistic.

New research!

Analyst Jose Asumendi from the American bank JPMorgan also remains optimistic. Here the rating was left for “Overweight”. The expert is very confident about the steps taken by European companies in the automotive sector, referring to a clean and accident-free world of cars. In the future, the increased use of online sales channels should increase the pricing power of producers.