B2C Focus: Goldman Sachs and BofA Securities Initiate Coverage on Ola Electric with Buy Ratings
Significant Coverage on Ola Electric
Goldman Sachs, a prominent international brokerage, has initiated coverage on Ola Electric, a major player in the emobility sector, with a bullish 'buy' rating.
Growth Projections and Market Trends
The firm forecast a 2.5X faster revenue growth and 5X faster volume increase for Ola Electric over the next three years compared to its competitors. They set a price target of INR 160, signaling a potential upside of over 48%. BofA Securities echoed this sentiment with a 'buy' rating and a target of INR 145, showcasing confidence in Ola's product diversification and competitive edge.
Company's Strategic Advantages
- Market Leadership: Ola Electric maintains a leading position in the electric two-wheeler (2W) segment despite recent challenges.
- Innovative Pipeline: With 14 new products set to launch, Ola is ahead of its competitors.
- Long-Term Viability: Expectations of achieving EBITDA breakeven by FY27E bolster Ola's growth prospects.
Ola Electric's Future Ventures
Ola Electric is gearing up for entry into the electric three-wheeler category, while its CEO has confirmed plans for the Roadster series of e-bikes anticipated in the near future.
For complete insights, please visit the source for more details.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.