Needham analyst Rajvindra Gill maintained a Buy rating on TuSimple Holdings (TSP – Research Report) today and set a price target of $20.00. The company’s shares closed last Thursday at $9.75, close to its 52-week low of $5.99.
According to TipRanks.com, Gill is a 5-star analyst with an average return of 13.4% and a 61.9% success rate. Gill covers the Technology sector, focusing on stocks such as Sequans Communications S A, Everspin Technologies, and Smart Global Holdings.
TuSimple Holdings has an analyst consensus of Strong Buy, with a price target consensus of $17.61, which is a 79.7% upside from current levels. In a report released yesterday, Robert W. Baird also maintained a Buy rating on the stock with a $11.00 price target.
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The company has a one-year high of $50.30 and a one-year low of $5.99. Currently, TuSimple Holdings has an average volume of 2.83M.
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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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