Volvo B has been given a "Neutral" rating by UBS, with a target price of 274 Swedish kronor. Analyst Hemal Bhundia emphasized Volvo"s goal of capturing a 25 percent market share in North America, stating that achieving this will require significant effort.
In 2023, AB Volvo became the leading European truck manufacturer and the third-largest globally. Truck sales accounted for 66.3% of total sales, with 246,272 vehicles sold under various brands. Other business segments include construction equipment, financial services, and bus and chassis sales. Geographically, Volvo"s net sales are distributed across Europe, North America, Asia, South America, and Africa and Oceania.
Analyst estimates suggest a potential upside, with an average target price of 308.37 SEK, reflecting a 13.71% increase from the last closing price.