Just on the day on which Porsche AG flies out of the DAX, the titles of the luxury car manufacturer are steeply downhill. The share price gave in almost eight percent during the day and, together with the parent company Volkswagen, was by far one of the losers in the German leading index. The development of Porsche and VW also tore down the STOXX Europe 600 Automobiles & Parts industry index, which as a clear bottom in the European industry table. Meanwhile, the Porsche holding holds in the DAX. It holds 53 percent of the VW stem shares, 25 percent of Porsche AG’s ordinary shares and has no operational function. The reaction of the Porsche investors came temporarily after the CEO Oliver Blume had reduced the forecast for the current year on Friday evening after a short-term telephone conference. Because of the much too weak sales fully electric sports cars, the Stuttgart -based company reissued its planning of future vehicles and at the same time lower the return targets. The model range is again more supplemented by cars with an combustion engine, while certain electric models would be moved. Analysts set the course target down analysts reacted promptly and lowered their fingers. Eduardo Gonzalez from the Spanish Grupo Santander has been assuming that Porsche’s share price will develop worse. Now, however, he has revised the price target from 43.10 euros to EUR 38.60. The Bernstein analysis house further estimates the development of Porsche as a market compliant, but lowered the price target even more from 46 euros to 39 euros. Deutsche Bank, which continues to recommend the papers, has reduced the high price target from 55 euros to 50 euros. In average, the analysts of the share surveyed by Bloomberg to 44.88 euros. Of these 27 analysts, eight recommend a sale, while 14 investors advise to keep the titles. Only five give a purchase recommendation-another damper for the Porsche shares, whose price development in the past twelve months behind that of the Dax and the German competitors. Other experts spoke of a bitter setback for the entire German auto industry. A more realistic objective is fundamentally good, it was said by UBS. However, Swiss Bank at Porsche AG assumes further price weakness, since the Stuttgart papers are still significantly higher than that of Mercedes and BMW. Mercedes and BMW also had to get over a lesser development compared to the DAX-even on Monday: The share certificates from Mercedes-Benz fell by 2.8 percent and that of BMW by 2.2 percent. For the titles of Stellantis and Renault, it was a good three or 0.5 percent. Just a few days ago, the Chinese author giant had announced that it would penetrate the German market for luxury cars with his new Denza brand. With Denza, BYD also wants to make the leap into the automotive upper class in the west – and thus attacks the four German premium brands Audi, BMW, Mercedes and Porsche where it hurts: in their home market. Sales are scheduled to begin in the spring of 2026. On Monday, the BYD share got a damper: Star investor Warren Buffett is said to have sold all its shares in BYD, reports the US broadcaster CNBC. The course of the BYD share in Hong Kong then decreased significantly by up to 3.6 percent and therefore not as strong as it has been in three weeks. Overall, BYD has significantly exceeded its German competitors in the past twelve months in price development.
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