Goldman Sachs upgraded Dr. Ing. h.c. F. Porsche AG to buy from neutral on Thursday.
The investment bank raised its 12-month price target to €59 from €39. This new target implies a 23.6% upside from the previous closing price.
Analysts cite a normalizing 911 model mix and indirect cost reductions as primary drivers for the upgrade. Goldman Sachs projects a 30% compound annual earnings per share growth rate through 2030.
The bank increased its 2028 earnings forecast despite slightly lowering estimates for fiscal year 2026.