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Otonomo Technologies Ltd (OTMO) Stock: Do Analysts Think You Should Hold?

Thursday, June 23, 2022 11:53 AM | InvestorsObserver Analysts
Otonomo Technologies Ltd (OTMO) Stock: Do Analysts Think You Should Hold?

Wall Street is positive on Otonomo Technologies Ltd (OTMO). On average, analysts give Otonomo Technologies Ltd a Buy rating. The average price target is $4.666, which means analysts expect the stock to rise by 298.80% over the next twelve months. That average ranking earns Otonomo Technologies Ltd an Analyst Rating of 30, which is better than 30% of stocks based on data compiled by InvestorsObserver.

Overall Score - 4
Wall Street analysts are rating OTMO a Buy today. Find out what this means to you and get the rest of the rankings on OTMO!

Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported. InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What's Happening With Otonomo Technologies Ltd Stock Today?

Otonomo Technologies Ltd (OTMO) stock is trading at $1.17 as of 11:50 AM on Thursday, Jun 23, an increase of $0.07, or 6.36% from the previous closing price of $1.10. The stock has traded between $1.13 and $1.22 so far today. Volume today is light. So far 73,799 shares have traded compared to average volume of 516,989 shares. Click Here to get the full Stock Report for Otonomo Technologies Ltd stock.

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