TrueCar Price Target Increased to $18.00 by Analysts at RBC Capital (TRUE)
Equities research analysts at RBC Capital upped their target price on shares of TrueCar (NASDAQ:TRUE) from $17.00 to $18.00 in a research note issued to investors on Friday. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price target points to a potential upside of 22.78% from the stock’s previous close. The analysts noted that the move was a valuation call.
A number of other firms have also recently commented on TRUE. Analysts at Cowen and Company initiated coverage on shares of TrueCar in a research note on Tuesday, June 10th. They set an “outperform” rating and a $21.00 price target on the stock. Separately, analysts at Goldman Sachs initiated coverage on shares of TrueCar in a research note on Tuesday, June 10th. They set a “neutral” rating and a $15.00 price target on the stock. Finally, analysts at JMP Securities initiated coverage on shares of TrueCar in a research note on Tuesday, June 10th. They set an “outperform” rating and a $20.00 price target on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $18.60.
TrueCar (NASDAQ:TRUE) opened at 14.66 on Friday. TrueCar has a 52 week low of $9.05 and a 52 week high of $15.85. The stock has a 50-day moving average of $13.61 and a 200-day moving average of $12.88. The company’s market cap is $1.041 billion.
TrueCar (NASDAQ:TRUE) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.22) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.03) by $0.19. The company had revenue of $50.50 million for the quarter, compared to the consensus estimate of $45.52 million. The company’s quarterly revenue was up 61.8% on a year-over-year basis. On average, analysts predict that TrueCar will post $-0.09 earnings per share for the current fiscal year.
TrueCar, Inc (NASDAQ:TRUE) is a data-driven online platform operating a technology infrastructure, powered by data and analytics.
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