The Daimler Truck share has started weakly in the new stock year 2024 and has been trading about 8 percent lower since the beginning of January. However, the stock was able to hold above the 30 euro mark (as of January 23, 2024, around 11 a.m.).

With solid sales figures for the entire year 2023 behind it, Daimler Truck has once again confirmed its financial targets for the past year. Investors are now looking primarily at the annual financial statements and the outlook for 2024 – analysts, however, remain optimistic and see higher price targets for the Daimler Truck share.

Daimler Truck with sales growth and confirmed forecast Last week, Daimler Truck published its sales figures for the year 2023: With around 526,000 trucks and buses, the DAX company sold about 1 percent more vehicles than in 2022. This is quite impressive given the weak economic conditions last year.

The company also maintains its goals of increasing revenue to 56 to 58 billion euros and significantly increasing its adjusted EBIT compared to the previous year. Daimler Truck will present the numbers in early March. For investors, the focus will primarily be on the future, i.e. the current year 2024.

Daimler Truck share: Analysts see potential The view of the chart of the Daimler Truck share is sobering. The stock has hardly moved since its initial listing over 2 years ago. However, the commercial vehicle manufacturer is on a good path and was able to sell more vehicles in spite of difficult conditions in North America and Asia.

Daimler Truck, like the entire industry at the moment, is in a transformation process and the DAX company is pursuing a dual strategy – the group is focusing on battery-powered drives and also on hydrogen. This makes Daimler Truck well-positioned and, according to its own statements, is building „a comprehensive product portfolio for the future“.

This offers opportunities for long-term investors in the Daimler Truck share. The majority of analysts are also optimistic: JPMorgan (target price 48 euros) and Goldman Sachs (target price 43 euros) have both recently confirmed their buy ratings. In the short term, investors should keep an eye on the upcoming financial results on March 1.

Source: https://aktienscreener.com/

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