Stellantis NV shares fell 2.35% to $4.98 on Wednesday, touching a new 52-week low, after Berenberg downgraded the stock and sharply cut its price target, citing weak margin recovery in North America.

Berenberg downgrades Stellantis, cuts price target nearly 35%

Berenberg moved Stellantis down to Hold from a prior Buy rating on Tuesday, slicing its price target nearly 35% to €5.10 from €7.80. The bank's concern centres on profitability failing to keep up as vehicle shipments bounce back, with North America identified as the region where margins have been especially slow to follow deliveries higher.

Berenberg also flagged that dealers continuing to work down excess inventory could put additional strain on sales figures through the back half of the year.

Stellantis to showcase nine concept cars at Paris Motor Show

Separately, Stellantis announced it will present nine concept cars and more than 60 vehicles across eight brands at the Paris Motor Show, running October 12 to 18. The showcase is meant to highlight the automaker's renewed growth ambitions and continued progress on its FaSTLAne 2030 strategic plan, first unveiled in May.

Stellantis will occupy the show's largest booth, spanning more than 5,300 square meters in Hall 4 of the Porte de Versailles Exhibition Centre, featuring vehicles ranging from urban micromobility to long-distance travel. International premieres at the event will include:

• DS N°7 premium compact SUV
• New Fiat Grizzly
• Lancia Gamma, marking that brand's return to the C-UV crossover segment
• Leapmotor's B03 compact electric vehicle and D19 flagship SUV
• Opel Corsa GSE

Stellantis CEO Antonio Filosa and Enlarged Europe COO Emanuele Cappellano are set to attend each brand's press conference at the event. Design chiefs Ralph Gilles and Gilles Vidal will present the company's design strategy. Chief Engineering and Technology Officer Ned Curic will lead a roundtable on the company's new STLA One modular platform on Monday, October 12, from 3:15 am to 3:45 am ET.

Share price action

Stellantis shares were down 2.35% at $4.98 at the time of publication on Wednesday, trading at a new 52-week low.

Stellantis NV (NYSE: STLA) announced a worldwide recall of 955,000 vehicles on Monday, citing a software defect that can impair the functionality of rear-view cameras. The disclosure triggered immediate selling pressure, driving shares to a new 52-week low.

The recall affects 848,000 vehicles in the United States, covering multiple 2026 and 2027 model years. Affected models include the Chrysler Pacifica, Pacifica Plug-in Hybrid, Voyager lineup, Dodge Charger, and several Jeep variants. An additional 107,000 vehicles across Canada, Mexico, and other international markets are included in the action.

Software Fix via Over-the-Air Update

Stellantis stated that the corrective measure will not require owners to visit dealerships. Instead, the automaker will deploy an over-the-air update. Owners will receive a prompt on their vehicle’s media screen once the patch is ready for installation. The company confirmed that no crashes or injuries have been linked to the defect to date.

Rear-view cameras are a legal requirement in many jurisdictions, adding regulatory weight to the issue beyond consumer convenience.

Market Reaction and Technical Outlook

Shares of Stellantis fell 4.48% to trade at $5.12 at the time of publication. The stock is trading below key technical support levels, reflecting broader bearish sentiment that preceded the recall news.

The stock trades 37.2% below its 200-day moving average of $8.17, a gap that suggests rallies may be counter-trend bounces rather than genuine reversals. Shares also sit 13.3% below the 50-day average of $5.91 and 8.9% below the 20-day average of $5.63.

Momentum indicators show weakness, with the MACD line below its signal line and a negative histogram. The 20-day average remains below the 50-day average, following a February death cross where the 50-day average fell below the 200-day. Overhead resistance sits at $6, aligning with the 50-day moving average zone where past rebounds have stalled.