REE Automotive Ltd. (REE)
NASDAQ: REE · IEX Real-Time Price · USD
3.670
-0.080 (-2.13%)
At close: Apr 15, 2024, 4:00 PM
3.550
-0.120 (-3.27%)
Pre-market: Apr 16, 2024, 4:28 AM EDT
REE Automotive Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for REE Automotive stock have an average target of 6.31, with a low estimate of 2.25 and a high estimate of 15. The average target predicts an increase of 71.93% from the current stock price of 3.67.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for REE Automotive stock from 4 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 0 | 0 | 0 | 0 | 0 |
| Sell | 1 | 1 | 1 | 1 | 2 | 2 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 3 | 3 | 3 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wells Fargo | Wells Fargo | Sell Maintains $4.5 → $4 | Sell | Maintains | $4.5 → $4 | +8.99% | Mar 28, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $15 | Strong Buy | Reiterates | $15 | +308.72% | Mar 28, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Initiates $15 | Strong Buy | Initiates | $15 | +308.72% | Dec 19, 2023 |
| Cantor Fitzgerald | Cantor Fitzgerald | Hold → Sell Downgrades $4 | Hold → Sell | Downgrades | $4 | +8.99% | Dec 1, 2023 |
| Cantor Fitzgerald | Cantor Fitzgerald | Hold Maintains $1 → $4 | Hold | Maintains | $1 → $4 | +8.99% | Oct 23, 2023 |
Financial Forecast
Revenue This Year
510.42M
from 1.61M
Increased by 31,642.54%
Revenue Next Year
12.92M
from 510.42M
Decreased by -97.47%
EPS This Year
-0.30
from -11.32
EPS Next Year
-6.67
from -0.30
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 14.3M | 275.6M | 708.8M | 945.0M | 283.0M |
| Avg | 12.9M | 246.2M | 653.8M | 559.2M | 272.2M |
| Low | 11.7M | 220.5M | 607.2M | 203.2M | 264.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 791.4% | 2,034.2% | 187.9% | 44.6% | -49.4% |
| Avg | 703.2% | 1,806.2% | 165.5% | -14.5% | -51.3% |
| Low | 626.8% | 1,607.3% | 146.6% | -68.9% | -52.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | -6.87 | -1.52 | 0.27 | -9.82 |
| Avg | -6.67 | -4.41 | -1.05 | -9.44 |
| Low | -6.53 | -7.14 | -2.29 | -9.16 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | - | - | - | - |
| Avg | - | - | - | - |
| Low | - | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.