Wall Street is positive on REE Automotive Ltd (REE). On average, analysts give REE Automotive Ltd a Buy rating. The average price target is $9.7, which means analysts expect the stock to climb by 64.97% over the next twelve months.
That average ranking earns REE Automotive Ltd an Analyst Rating of 18, which is better than 18% of stocks based on data compiled by InvestorsObserver.
Wall Street analysts are rating REE a Buy today. Find out what this means to you and get the rest of the rankings on REE!
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With REE Automotive Ltd Stock Today?
REE Automotive Ltd (REE) stock is trading at $5.88 as of 1:01 PM on Thursday, Mar 28, a rise of $0.04, or 0.69% from the previous closing price of $5.84. The stock has traded between $5.63 and $6.00 so far today. Volume today is light. So far 7,744 shares have traded compared to average volume of 39,086 shares.
Click Here to get the full Stock Report for REE Automotive Ltd stock.
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