Investors may also be looking for more follow-up on comments made by Arrival’s President, Avinash Rugoobur, earlier this month. First-quarter results will be delivered before the market opens next Tuesday. This move comes just about a week out from its next round of earnings. However, even with the stock market down today, shares of ARVL stock managed an early bounce. A downtrodden sentiment on the outlook for growth stocks hasn’t helped things either. Since November, the “affordable” electric vehicle design and production company has seen its stock price plummet from over $17 to under $2. Like Blue Apron, Arrival shares haven’t been able to reclaim their losses over the last few months. In a recent presentation, the company placed a $40 target on APRN stock, saying, “The food market is on the cusp of massive digital disruption as eCommerce penetration rates are low single digits despite food being by far one of the largest consumer markets.”īased on the latest trading levels around $4, that $40 target is ten times higher right now. While that may emphasize a significant upside to some, researchers at Citron Research have much higher expectations.
#Aprn jstock target upgrade#
When the rating was made, this target was an upgrade from the prior $5.60 target. The firm carries an Equal-Weight rating and a price target of $6.50. However, looking back at the most recent from Morgan Stanley from 2021, we can see they had higher hopes for the company. What do analysts think about APRN stock? There haven’t been many new ratings placed on APRN in the last 12 months. Blue Apron’s President, CEO Linda Findley, invested $500,000 in a private placement at $12 per share.īest Penny Stocks to Buy Today? 3 to Watch as the Market Drops Again APRN Stock Forecast A $20 million investment was completed, with an additional $20 million investment expected in Q2 2022. The debt and equity financings are broken down, with RJB Partners committing to a $40 million private placement at $12 per share. However, this week, APRN received a jolt of upbeat sentiment after news of a $70.5 million capital infusion. Slower growth and missed earnings haven’t helped things either. Shares of the food delivery and meal prep company Blue Apron have seen their prices sliced and diced over the last few months.
What are the best penny stocks to buy right now? Let’s see what analysts are looking at with these companies, then you can decide for yourself. This time around, fundamentals are much different, and global economic conditions have made a clear impact. You had companies like AMC Entertainment and GameStop surging thanks to bullishness in the market, along with a sea of new retail traders buying up beaten-down companies. Many traders were introduced to the stock market during the pandemic. Thanks to this wild action in the stock market today, pinpointing opportunities requires some know-how.
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