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Analysts Cease 'Buy' Ratings for Ola Electric Mobility Shares Following Goldman Sachs Downgrade
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Ola Electric shares plunge: Zero 'buy' ratings after Goldman Sachs downgrade
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CNBC TV18
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26-02-2026, 08:47
Ola Electric shares plunge: Zero 'buy' ratings after Goldman Sachs downgrade
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Goldman Sachs downgraded Ola Electric to 'Neutral', slashing price target by 50% to ₹26.
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Brokerage lowered FY26-FY28 revenue estimates, now factoring mid single-digit market share by FY30.
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Goldman Sachs predicts Ola Electric will need a fundraise within 12-18 months due to cash burn.
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Analysts recommend improving servicing, leadership, and product reliability for business turnaround.
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No analysts have a 'Buy' rating; two recommend 'Hold', six have a 'Sell' rating.
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