In a report released yesterday, Colin Langan from Wells Fargo assigned a Sell rating to REE Automotive (REE – Research Report), with a price target of $4.00. The company’s shares closed yesterday at $5.84.
According to TipRanks, Langan is an analyst with an average return of -6.3% and a 45.74% success rate. Langan covers the Consumer Cyclical sector, focusing on stocks such as Autoliv, BorgWarner, and Dana Holding.
REE Automotive has an analyst consensus of Hold, with a price target consensus of $5.50.
The company has a one-year high of $13.78 and a one-year low of $2.30. Currently, REE Automotive has an average volume of 42.75K.
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REE Automotive (REE) Company Description:
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 Automotive Reports Fourth Quarter and Fiscal Year 2023 Financial Results
- Demand for REE Automotive Full By-Wire EVs Continues to Grow as Orderbook Value Surpasses $50 Million
- Ree Automotive P7-C receives CARB certifications
- REE Automotive P7-C Receives CARB Certifications
- REE Automotive Announces Date for Fourth Quarter and Fiscal Year 2023 Earnings Release and Conference Call
