Needham analyst Chris Pierce reiterated a Buy rating on ACV Auctions (ACVA – Research Report) today and set a price target of $14.00. The company’s shares closed last Tuesday at $8.28, close to its 52-week low of $7.52.
According to TipRanks.com, Pierce is ranked #7808 out of 7881 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for ACV Auctions with a $20.10 average price target, representing a 133.4% upside. In a report issued on May 5, J.P. Morgan also maintained a Buy rating on the stock with a $17.00 price target.
See the top stocks recommended by analysts >>
ACV Auctions’ market cap is currently $1.38B and has a P/E ratio of -16.85.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
ACV Auctions Inc is a mobile platform for wholesale car auctions. It provides a digital marketplace for wholesale vehicle transactions and data services that offers transparent and accurate vehicle information for customers.
Read More on ACVA:
