BTIG analyst Marvin Fong maintained a Buy rating on Wheels Up Experience (UP – Research Report) yesterday and set a price target of $2.50. The company’s shares closed yesterday at $1.03.
Fong covers the Consumer Goods sector, focusing on stocks such as Mercadolibre, Etsy, and Aterian. According to TipRanks, Fong has an average return of -11.5% and a 31.44% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Wheels Up Experience with a $1.90 average price target.
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Based on Wheels Up Experience’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $420.36 million and a GAAP net loss of $86.84 million. In comparison, last year the company earned a revenue of $301.98 million and had a GAAP net loss of $58.49 million
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of UP in relation to earlier this year.
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.
Aspirational Consumer Lifestyle Corp is a blank check company.
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