D.A. Davidson analyst Michael Shlisky maintained a Buy rating on REE Automotive (REE – Research Report) today and set a price target of $18.00. The company’s shares closed last Friday at $4.75.
According to TipRanks, Shlisky is an analyst with an average return of -1.0% and a 37.85% success rate. Shlisky covers the Industrials sector, focusing on stocks such as Wabash National, Standex International, and Alamo Group.
In addition to D.A. Davidson, REE Automotive also received a Buy from H.C. Wainwright’s Amit Dayal in a report issued on March 28. However, on April 3, Wells Fargo assigned a Hold rating to REE Automotive (NASDAQ: REE).
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 43.72K.
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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 price target lowered to $4 from $4.50 at Wells Fargo
- REE Automotive Reports Fourth Quarter and Fiscal Year 2023 Financial Results
- Ree Automotive reports Q4 EPS ($3.15), consensus ($2.38)
- Demand for REE Automotive Full By-Wire EVs Continues to Grow as Orderbook Value Surpasses $50 Million
- Ree Automotive P7-C receives CARB certifications
