Brokerages have given mixed ratings on Tata Motors stock following its latest earnings, with some maintaining a cautious stance while others remain optimistic about its outlook.
Bearish Views:
- Jefferies downgraded Tata Motors to Underperform, slashing its target price sharply to ₹660 from ₹1,000, citing concerns over weak JLR demand in China and Europe, rising competition in EVs, and slowing domestic CV and PV demand.
- Nuvama maintained Reduce, cutting its target price to ₹720 from ₹750, highlighting muted revenue growth and potential headwinds.
- Morgan Stanley retained an Equal Weight rating but lowered its target to ₹853 from ₹920.
Neutral/Bullish Views:
- Goldman Sachs maintained Neutral on the stock, setting a target of ₹800.
- CLSA remains more positive, maintaining an Outperform rating with a target price of ₹930, signaling some upside potential.
The stock currently trades at ₹754.80. Investors should weigh global JLR demand trends, competitive pressures in the EV space, and domestic vehicle demand before making a decision.
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