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ACV Auctions Inc has a consensus price target of $21.27 based on the ratings of 16 analysts. The high is $26 issued by Needham on November 8, 2024. The low is $18 issued by Piper Sandler on November 8, 2024. The 3 most-recent analyst ratings were released by Needham, Piper Sandler, and Barrington Research on November 8, 2024, November 8, 2024, and November 4, 2024, respectively. With an average price target of $22.33 between Needham, Piper Sandler, and Barrington Research, there's an implied 4.61% upside for ACV Auctions Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for ACV Auctions (NASDAQ:ACVA) was reported by Needham on November 8, 2024. The analyst firm set a price target for $26.00 expecting ACVA to rise to within 12 months (a possible 21.78% upside). 24 analyst firms have reported ratings in the last year.
The latest analyst rating for ACV Auctions (NASDAQ:ACVA) was provided by Needham, and ACV Auctions maintained their buy rating.
The last upgrade for ACV Auctions Inc happened on June 10, 2024 when JP Morgan raised their price target to $21. JP Morgan previously had a neutral for ACV Auctions Inc.
The last downgrade for ACV Auctions Inc happened on July 13, 2023 when JP Morgan changed their price target from N/A to $17 for ACV Auctions Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of ACV Auctions, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for ACV Auctions was filed on November 8, 2024 so you should expect the next rating to be made available sometime around November 8, 2025.
While ratings are subjective and will change, the latest ACV Auctions (ACVA) rating was a maintained with a price target of $23.00 to $26.00. The current price ACV Auctions (ACVA) is trading at is $21.35, which is out of the analyst’s predicted range.
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