Craig-Hallum analyst Richard Shannon maintained a Buy rating on Cepton (CPTN – Research Report) today and set a price target of $20.00. The company’s shares opened today at $3.82.
Shannon covers the Technology sector, focusing on stocks such as Coherent Corp, Tower, and IonQ. According to TipRanks, Shannon has an average return of -3.0% and a 37.43% success rate on recommended stocks.
Cepton has an analyst consensus of Strong Buy, with a price target consensus of $17.33, representing a 353.66% upside. In a report released today, Northland Securities also assigned a Buy rating to the stock with a $18.00 price target.
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CPTN market cap is currently $59.82M and has a P/E ratio of -0.96.
Based on the recent corporate insider activity of 29 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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Cepton (CPTN) Company Description:
Growth Capital Acquisition Corp is a blank check company.
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