Vroom Inc has a consensus price target of $3.1 based on the ratings of 11 analysts. The high is $13 issued by Keybanc on January 20, 2022. The low is $1 issued by JMP Securities on April 25, 2023. The 3 most-recent analyst ratings were released by JMP Securities, Piper Sandler, and Wells Fargo on April 25, 2023, February 16, 2023, and January 5, 2023, respectively. With an average price target of $1 between JMP Securities, Piper Sandler, and Wells Fargo, there's an implied -80.43% downside for Vroom Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Vroom (NASDAQ:VRM) was reported by JMP Securities on April 25, 2023. The analyst firm set a price target for $1.00 expecting VRM to fall to within 12 months (a possible -80.43% downside). 0 analyst firms have reported ratings in the last year.
The latest analyst rating for Vroom (NASDAQ:VRM) was provided by JMP Securities, and Vroom maintained their market outperform rating.
The last upgrade for Vroom Inc happened on November 17, 2022 when JP Morgan raised their price target to N/A. JP Morgan previously had an underweight for Vroom Inc.
The last downgrade for Vroom Inc happened on November 22, 2022 when Baird changed their price target from $3 to $2 for Vroom Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Vroom, 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 Vroom was filed on April 25, 2023 so you should expect the next rating to be made available sometime around April 25, 2024.
While ratings are subjective and will change, the latest Vroom (VRM) rating was a maintained with a price target of $51.00 to $1.00. The current price Vroom (VRM) is trading at is $5.11, which is out of the analyst’s predicted range.
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