RBC Capital analyst Tom Narayan maintained a Hold rating on Cepton (CPTN – Research Report) on August 8 and set a price target of $1.40. The company’s shares closed last Friday at $0.72.
According to TipRanks, Narayan is a 4-star analyst with an average return of 6.9% and a 48.55% success rate. Narayan covers the Industrials sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Ford Motor, and General Motors.
Cepton has an analyst consensus of Strong Buy, with a price target consensus of $2.35.
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CPTN market cap is currently $129.1M and has a P/E ratio of -1.83.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CPTN in relation to earlier this year.
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Growth Capital Acquisition Corp is a blank check company.
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