D.A. Davidson analyst Michael Shlisky maintained a Buy rating on REE Automotive (REE – Research Report) today and set a price target of $1.00. The company’s shares closed yesterday at $0.18.
According to TipRanks, Shlisky is an analyst with an average return of -3.2% and a 36.00% success rate. Shlisky covers the Industrials sector, focusing on stocks such as Wabash National, Alamo Group, and Caterpillar.
Currently, the analyst consensus on REE Automotive is a Moderate Buy with an average price target of $1.00.
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REE market cap is currently $60.93M and has a P/E ratio of -0.43.
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REE Automotive is an automotive technology leader that provides modular electric vehicle (EV) platforms. It enables original equipment manufacturers, delivery and logistics fleets, Mobility-as-a-Service providers, and autonomous drive companies in the build-out of any size or shape of EV or autonomous vehicle.
Read More on REE:
- REE Confirms FMVSS Certification Feasibility of its X-by-Wire Systems Ahead of Q4 2023 Vehicle Certification
- Ree Automotive sees 2025 capital needs at an additional $50M
- REE Automotive Announces Second Quarter 2023 Financial Results
- Ree Automotive targeting $1B in cumulative sales in 2024-2026
- Ree Automotive reports Q2 adjusted EPs (7c), consensus (7c)
