Ola Electric Mobility544225Electric vehicles
Goldman Sachs downgraded Ola Electric to sell and cut target price to 23 rupees per share, citing cash flow and CAPEX challenges
By ScoutQuest · · 1 min read
- Target price
- 23 rupees per share
- Implied downside
- 23 percent
- Stock move today
- 6 percent down
- Stock move this year
- 16 percent down
- Required top-line growth multiple
- 3.6 to 7.1 times
Heard on business television between 11:29:58 - 11:32:58 IST.
- Goldman Sachs downgraded Ola Electric to sell with a target price of 23 rupees, implying about 23% downside from current levels.
- The stock is down 16% this year and fell 6% in today's session alone.
- Goldman cited a more challenging path to free cash flow, higher interest costs and CAPEX needs for cell and electric two-wheeler businesses.
- Goldman said company needs 3.6 to 7.1 times higher top-line growth between FY26 and FY28/30 to cover CAPEX and interest servicing needs.
- Goldman cut FY27-29 revenue estimates by up to 10%, but said it could turn constructive if there is a revival in two-wheeler business, positive EBIT margin, and acceleration in cell business customer wins.
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Source: Live TV News Channel · 23 Oct 2026
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