Where is Stellantis N.V. (STLA) Headed According to Analysts?

Stellantis N.V. (NYSE:STLA) is one of the top cheap stocks under $20 to buy now. Kepler Capital reaffirmed a Buy rating on Stellantis N.V. (NYSE:STLA) on December 11, setting a price target of €12.00. However, the same day, Stellantis N.V. (NYSE:STLA) was downgraded to Underperform from Neutral by BNPP.

Stellantis (STLA) Loses 8.6% on on Hydrogen Tech Pullout

In another development, Stellantis N.V. (NYSE:STLA) announced a partnership with Bolt on December 9 for the joint exploration of the development and deployment of Level 4 (driverless) autonomous vehicles for commercial operations across Europe. Management reported that the collaboration would combine Stellantis N.V.’s (NYSE:STLA) AV-Ready Platforms™, specifically the eK0 medium size van and STLA Small platforms, with the extensive mobility network by Bolt.

Bolt presently provides ride-hailing services in over 50 countries, including 23 EU Member States, and aims at integrating Stellantis N.V.’s (NYSE:STLA) autonomous vehicles into its shared mobility platform for the provision of driverless, fully autonomous ride-hailing services.

Stellantis N.V. (NYSE:STLA) further reported that the two companies have plans to initiate the deployment of test vehicles for trials in European countries beginning in 2026, with the deployment following a phased approach going from prototypes and pilot fleets to progressive industrial scale-up, with an initial production target in 2029.

Stellantis N.V. (NYSE:STLA) designs, manufactures, distributes, and sells vehicles. The company offers products under various brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Opel, Peugeot, Ram, and Vauxhall.

While we acknowledge the potential of STLA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than STLA and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.