In a report released yesterday, J. Parker Lane from Stifel Nicolaus maintained a Hold rating on Karooooo (KARO – Research Report), with a price target of $28.00. The company’s shares closed yesterday at $29.06.
Parker Lane covers the Technology sector, focusing on stocks such as Unity Software, Adobe, and Salesforce. According to TipRanks, Parker Lane has an average return of -3.3% and a 42.86% success rate on recommended stocks.
Karooooo has an analyst consensus of Moderate Buy, with a price target consensus of $33.50.
The company has a one-year high of $32.00 and a one-year low of $18.59. Currently, Karooooo has an average volume of 6,834.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Karooooo (KARO) Company Description:
Karooooo Ltd is a global provider of real-time mobility data analytics solutions for smart transportation. It offers a comprehensive, cloud-based smart mobility platform for connected vehicles and other assets. The company’s software-as-a-service platform provides customers with differentiated insights and analytics to optimize business and workforce, increase efficiency and decrease costs, improve safety, monitor environmental impact, assist with regularity compliance and manage risk. It serves customers in 23 countries across five continents, supporting more than 1.3 million subscribers.
