26 Feb 2026 | 5 Mins Read
Ola Electric shares rise despite 50% target price cut by Goldman Sachs
Flipitmoney
Goldman Sachs gave a "neutral" call and reduced Ola Electric's target price by 50% to Rs 26. It revised market share estimates to mid-single-digit by FY30 and slashed FY26-28 revenue estimates. The brokerage warned of a potential fundraise in 12-18 months due to cash burn. Shares were trading 1.2% higher at Rs 25.9 on February 26 despite recent downgrades by Citi and Emkay.