Should I Buy PSNY? PSNY 2026 Analysis

Should You Buy Polestar Automotive Holding UK PLC (PSNY) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

15.130

1 Day change

-8.02%

52 Week Range

42.600

Analysis Updated At

2026/01/30

Not a good buy right now for an impatient trader. PSNY is in a clear downtrend (bearish moving averages and worsening negative MACD), is sitting just below key support (~16.22), and the latest fundamentals show no real growth with continued heavy losses and negative gross margin. Options positioning is somewhat bullish (low put/call ratios), but implied volatility is extremely elevated, signaling high uncertainty rather than a clean upside setup. With no Intellectia buy signals today and the stock trading above Barclays’ $15 target while still rated Underweight, the risk/reward is not attractive for an immediate entry.

Technical Analysis

Trend & momentum: Bearish. Moving averages are stacked bearishly (SMA_200 > SMA_20 > SMA_5), confirming a sustained downtrend. MACD histogram at -0.538 is below zero and negatively expanding, indicating downside momentum is strengthening rather than stabilizing. Overbought/oversold: RSI_6 at 25.47 is effectively oversold (despite the provided label of “neutral”), which can allow for short-term bounces, but oversold in a downtrend is not a reliable buy signal by itself. Levels: Current price 16.21 is essentially at/just under S1 (16.224). If it fails to reclaim and hold above that area quickly, next support is S2 near 14.45. Overhead resistance is heavy: Pivot ~19.10, then ~21.97. Intellectia Proprietary Trading Signals - [AI Stock Picker](module://ai_stock_pick): no signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock recently.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Sentiment: Mildly bullish/less fearful positioning (put/call ratios below 1, call OI > put OI). However, volatility is extreme: 30D IV ~159% with IV percentile ~95.2, implying options are pricing large moves and uncertainty. Activity: Today’s options volume (1498) is below the 5D/10D averages (~1795/~1662), so the bullish skew is not being reinforced by a major surge in trading activity today. Net: supportive sentiment, but not a strong “must-buy now” signal.

Technical Summary

Sell

Buy

Positive Catalysts

Hedge fund flow: Reported hedge funds are buying, with a very large QoQ increase in buying activity.
Industry angle: News highlights Tesla losing market share in California, suggesting competitive openings for other EV brands over time.
Potential technical bounce: Oversold RSI can spark short reflex rallies if price reclaims ~16.22 and stabilizes.

Neutral/Negative Catalysts

EV demand softness: News indicates broader EV registrations are under pressure; Polestar also saw registration declines.

Financial Performance

Latest quarter: 2025/Q3. Revenue was 748.0M with 0.00% YoY change (flat). Net income remained deeply negative at -365.3M (also shown as 0.00% YoY change), and gross margin was -6.08 (negative), indicating the core business is still unprofitable at the gross level. Overall, the quarter does not show a clear improving growth/profitability trend that would justify chasing a buy immediately.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent change: On 2026-01-23 Barclays sharply raised its price target to $15 (from $1) but maintained an Underweight rating. Wall Street pro view (pros): The big target raise suggests expectations have improved versus prior assumptions, and sector commentary notes healthier production rates and reduced EV losses in the group. Wall Street con view (cons): The maintained Underweight rating is a direct negative, and at ~16.21 PSNY is already above Barclays’ $15 target, implying limited upside per that view and a tougher setup for an impatient entry.

Analyst Rating

Wall Street analysts forecast PSNY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PSNY is 0 USD with a low forecast of 0 USD and a high forecast of 0 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

Buy

Hold

Sell

Current: 16.450

Low

Averages

High

Current: 16.450

Low

Averages

High

Barclays

Underweight

maintain

$1 -> $15

AI Analysis

2026-01-23

Reason