Now it gets really exciting: Should investors speed up or slow down when it comes to Mercedes-Benz stock?

Shares of carmaker Mercedes-Benz are currently facing turbulent times. But what will happen next? And most importantly: How should investors react?

It can’t be said that things went particularly well for Mercedes-Benz shares this week. On Friday morning, the crown fell again by 1.5 percent and is dangerously close to the 50-day range, which is currently around 72.27 euros.

If the stock falls below this chart line in the near future, investors may start selling their short positions. In the long run, Mercedes-Benz remains a stock with great potential, as some analysts have now confirmed.

Analysts raise Mercedes-Benz price target

Canadian bank RBC raised its price target on the car stock from 87 to 91 euros ahead of the reporting season and left the rating at “Outperform”. Based on the current price, this corresponds to a profit of more than 20 percent. Bernstein Research also recently increased its price target from 85 to 100 euros. According to RBC analyst Tom Narayan, the sentiment is generally positive.

According to the news, prices continue to rise and the car manufacturer still has work to do after the corona crisis. However, positive long-term prospects are also related to unfulfilled hope.

Is this business area up and running again?

The RBC expert hopes that the weak business of electric cars will return to normal in 2024. Mercedes-Benz recently put on the brakes here, but for a long time there is no alternative to turn from the combustion engine.

So long-term investors don’t have to do anything right now, but we still have an exciting year ahead of us in the industry. Because the problems and opportunities of Mercedes-Benz are shared by many car brands.

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