In a report issued on July 7, Joseph Spak from RBC Capital maintained a Hold rating on TuSimple Holdings (TSP – Research Report), with a price target of $7.00. The company’s shares closed last Friday at $8.76, close to its 52-week low of $5.99.
According to TipRanks.com, Spak has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -14.6% and a 40.4% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Magna International, Tenneco Automotive, and American Axle.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for TuSimple Holdings with a $23.28 average price target.
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The company has a one-year high of $63.82 and a one-year low of $5.99. Currently, TuSimple Holdings has an average volume of 2.62M.
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TuSimple Holdings Inc is an autonomous technology company in the global truck freight market. It has developed a technology for semi-trucks to build the Autonomous Freight Network (AFN) in partnership with shippers, carriers, railroads, freight brokers, fleet asset owners, and truck hardware partners. The company recognizes revenue primarily from providing freight capacity services.
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