In a report released today, Stephen Reitman from Bernstein maintained a Buy rating on Bayerische Motoren Werke Aktiengesellschaft, with a price target of €92.00.
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Stephen Reitman has given his Buy rating due to a combination of factors, primarily centered around BMW’s strategic initiatives and technological advancements. The upcoming Capital Markets Day (CMD) in Munich is expected to highlight BMW’s significant transformation efforts, particularly through the NEUE KLASSE platform. This initiative represents a substantial investment and is pivotal for BMW’s future, as it encompasses a comprehensive technology platform for all models launching after 2025.
BMW’s commitment to innovation is further evidenced by the NEUE KLASSE’s advanced Gen 6 technologies, which include high-performance computing capabilities and a new electrical architecture. These advancements promise enhanced vehicle performance, such as increased energy density, faster charging speeds, and extended range, all while reducing costs. Reitman believes that these strategic moves will not only help BMW catch up with competitors in the BEV space but also secure its long-term success in the premium automotive segment.
According to TipRanks, Reitman is a 4-star analyst with an average return of 8.4% and a 50.82% success rate. Reitman covers the Consumer Cyclical sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Mercedes-Benz Group, and Stellantis.
In another report released on July 11, Deutsche Bank also maintained a Buy rating on the stock with a €90.00 price target.