Goldman Sachs Upgrades Vitesco Technologies Group AG (VTSCF) to Hold

Stock Market

Vitesco Technologies Group AG (VTSCFResearch Report) received a Hold rating and a EUR46.00 price target from Goldman Sachs analyst George Galliers today. The company’s shares closed last Monday at $49.41.

According to, Galliers is a 2-star analyst with an average return of 1.5% and a 53.7% success rate. Galliers covers the Consumer Goods sector, focusing on stocks such as Compagnie Générale des Établissements Michelin, Bayerische Motoren Werke Aktiengesellschaft, and Stellantis.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vitesco Technologies Group AG with a $71.69 average price target, representing a 45.1% upside. In a report issued on November 19, Kepler Capital also maintained a Hold rating on the stock with a EUR58.00 price target.

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Vitesco Technologies Group AG focuses on the development and production of components and system solutions for the powertrain of hybrid and electric vehicles and combustion engine-based vehicles. Its portfolio includes 48 Volt electrification solutions, electric drives, and power electronics for hybrid and battery electric vehicles. Furthermore, the product range counts electronic controls, sensors, actuators, turbochargers, hydraulic components, and pumps as well as solutions for exhaust after-treatment. Its operating segments are Electronic Controls, Electrification Technology, Sensing & Actuation, and Contract Manufacturing.

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