Rain Enhancement Technologies Holdco Inc has a consensus price target of $7.88 based on the ratings of 12 analysts. The high is $21 issued by Roth Capital on January 31, 2023. The low is $1 issued by Citigroup on September 18, 2023. The 3 most-recent analyst ratings were released by Citigroup, Mizuho, and Roth MKM on September 18, 2023, June 5, 2023, and May 30, 2023, respectively. With an average price target of $1.07 between Citigroup, Mizuho, and Roth MKM, there's an implied -70.86% downside for Rain Enhancement Technologies Holdco Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Rain Enhancement (NASDAQ:RAIN) was reported by Citigroup on September 18, 2023. The analyst firm set a price target for $1.00 expecting RAIN to fall to within 12 months (a possible -72.68% downside). 0 analyst firms have reported ratings in the last year.
The latest analyst rating for Rain Enhancement (NASDAQ:RAIN) was provided by Citigroup, and Rain Enhancement maintained their neutral rating.
There is no last upgrade for Rain Enhancement
The last downgrade for Rain Enhancement Technologies Holdco Inc happened on June 5, 2023 when Mizuho changed their price target from $17 to $1 for Rain Enhancement Technologies Holdco Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Rain Enhancement, 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 Rain Enhancement was filed on September 18, 2023 so you should expect the next rating to be made available sometime around September 18, 2024.
While ratings are subjective and will change, the latest Rain Enhancement (RAIN) rating was a maintained with a price target of $1.50 to $1.00. The current price Rain Enhancement (RAIN) is trading at is $3.66, which is out of the analyst’s predicted range.
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