Ola price targets after Q1 results: Goldman Sachs, Emkay views

Ola is a company that makes electric scooters.

People can buy tiny pieces of the company, called shares.

After Ola shared news about its first-quarter sales, money experts gave their opinions.

One expert group, Emkay Global, said the shares are not a good buy and set a low target price of Rs 30.

Another expert group, Goldman Sachs, was more hopeful and set a higher target of Rs 40.

Ola did sell more scooters, and its share of the market grew from 5% to 8.3%.

But other scooter companies are also building more electric scooters.

That means Ola will face tougher competition ahead.

Most experts said people should sell the shares, while a couple said to just hold them.

The average expert target price suggests the shares could go down by about 24%.