$3.64
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$3.64
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TrueCar
TRUENASDAQ
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TrueCar (NASDAQ:TRUE) Stock, Analyst Ratings, Price Targets, Forecasts
TrueCar Inc has a consensus price target of $4 based on the ratings of 9 analysts. The high is $6 issued by Benchmark on February 24, 2022. The low is $3 issued by B. Riley Securities on July 20, 2023. The 3 most-recent analyst ratings were released by Needham on April 30, 2024, February 21, 2024, and December 18, 2023, respectively. With an average price target of $4.33 between Needham, there's an implied 19.05% upside for TrueCar Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Needham
B. Riley Securities
DA Davidson
Benchmark
Craig-Hallum
1calculated from analyst ratings
Analyst Ratings for TrueCar
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 04/30/2024 | Buy Now | 9.89% | Needham | Chris Pierce | $4.5 → $4 | Maintains | Buy | Get Alert |
| 02/21/2024 | Buy Now | 23.63% | Needham | Chris Pierce | → $4.5 | Reiterates | Buy → Buy | Get Alert |
| 12/18/2023 | Buy Now | 23.63% | Needham | Chris Pierce | $3.5 → $4.5 | Maintains | Buy | Get Alert |
| 09/27/2023 | Buy Now | — | BTIG | Marvin Fong | — | Downgrade | Buy → Neutral | Get Alert |
| 07/20/2023 | Buy Now | -17.58% | B. Riley Securities | Lee Krowl | → $3 | Initiates | → Neutral | Get Alert |
| 06/15/2023 | Buy Now | -3.85% | Needham | Chris Pierce | → $3.5 | Reiterates | Buy → Buy | Get Alert |
| 05/10/2023 | Buy Now | -3.85% | Needham | Chris Pierce | → $3.5 | Reiterates | → Buy | Get Alert |
| 03/14/2023 | Buy Now | -3.85% | Needham | Chris Pierce | → $3.5 | Upgrade | Hold → Buy | Get Alert |
| 02/23/2023 | Buy Now | — | Needham | Chris Pierce | — | Reiterates | → Hold | Get Alert |
| 11/09/2022 | Buy Now | -17.58% | BTIG | Marvin Fong | → $3 | Upgrade | Neutral → Buy | Get Alert |
| 10/31/2022 | Buy Now | — | JP Morgan | Rajat Gupta | — | Upgrade | Underweight → Overweight | Get Alert |
| 05/11/2022 | Buy Now | -10.71% | DA Davidson | Tom White | $3.5 → $3.25 | Maintains | Neutral | Get Alert |
| 02/24/2022 | Buy Now | 64.84% | Benchmark | Daniel Kurnos | $7 → $6 | Maintains | Buy | Get Alert |
| 02/24/2022 | Buy Now | -3.85% | Craig-Hallum | Steve Dyer | $6 → $3.5 | Downgrade | Buy → Hold | Get Alert |
| 02/24/2022 | Buy Now | -3.85% | DA Davidson | Tom White | $3.85 → $3.5 | Maintains | Neutral | Get Alert |
| 02/02/2022 | Buy Now | — | Northcoast Research | David Hicks | — | Initiates | → Neutral | Get Alert |
| 12/28/2021 | Buy Now | 16.76% | Truist Securities | Naved Khan | $6 → $4.25 | Maintains | Hold | Get Alert |
| 08/19/2021 | Buy Now | 23.63% | DA Davidson | Tom White | — | Maintains | Neutral | Get Alert |
FAQ
What is the target price for TrueCar (TRUE) stock?
The latest price target for TrueCar (NASDAQ:TRUE) was reported by Needham on April 30, 2024. The analyst firm set a price target for $4.00 expecting TRUE to rise to within 12 months (a possible 9.89% upside). 4 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for TrueCar (TRUE)?
The latest analyst rating for TrueCar (NASDAQ:TRUE) was provided by Needham, and TrueCar maintained their buy rating.
When was the last upgrade for TrueCar (TRUE)?
The last upgrade for TrueCar Inc happened on March 14, 2023 when Needham raised their price target to $3.5. Needham previously had a hold for TrueCar Inc.
When was the last downgrade for TrueCar (TRUE)?
The last downgrade for TrueCar Inc happened on September 27, 2023 when BTIG changed their price target from N/A to N/A for TrueCar Inc.
When is the next analyst rating going to be posted or updated for TrueCar (TRUE)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of TrueCar, 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 TrueCar was filed on April 30, 2024 so you should expect the next rating to be made available sometime around April 30, 2025.
Is the Analyst Rating TrueCar (TRUE) correct?
While ratings are subjective and will change, the latest TrueCar (TRUE) rating was a maintained with a price target of $4.50 to $4.00. The current price TrueCar (TRUE) is trading at is $3.64, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.