TrueCar, Inc. (TRUE)
NASDAQ: TRUE · IEX Real-Time Price · USD
3.390
-0.050 (-1.45%)
At close: Mar 28, 2024, 4:00 PM
3.450
+0.060 (1.77%)
After-hours: Mar 28, 2024, 7:54 PM EDT

TrueCar Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for TrueCar stock have an average target of 3.75, with a low estimate of 3.00 and a high estimate of 4.50. The average target predicts an increase of 10.62% from the current stock price of 3.39.

Analyst Consensus: Buy
Target Low Average Median High
Price $3.00 $3.75 $4.50 $4.50
Change -11.50% +10.62% +32.74% +32.74%
* Price targets were last updated on Feb 21, 2024.

Analyst Ratings

The average analyst rating for TrueCar stock from 3 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 111111
Buy 110000
Hold 222222
Sell 000000
Strong Sell 000000
Total 443333

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Needham
Needham
Strong Buy
Reiterates
$4.5
Strong Buy Reiterates $4.5 +32.74% Feb 21, 2024
Needham
Needham
Strong Buy
Maintains
$3.5$4.5
Strong Buy Maintains $3.5$4.5 +32.74% Dec 18, 2023
BTIG
BTIG
Hold
Downgrades
n/a
Hold Downgrades n/a n/a Sep 27, 2023
B. Riley Securities
B. Riley Securities
Hold
Initiates
$3
Hold Initiates $3 -11.50% Jul 20, 2023
Needham
Needham
Strong Buy
Reiterates
$3.5
Strong Buy Reiterates $3.5 +3.24% Jun 15, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
186.80M
from 158.71M
Increased by 17.70%
Revenue Next Year
216.61M
from 186.80M
Increased by 15.96%
EPS This Year
-0.03
from -0.55
EPS Next Year
0.06
from -0.03
Year 2019202020212022202320242025202620272028
Revenue
335.05M278.68M231.70M161.52M158.71M186.80M216.61M246.84M254.59M276.42M
Revenue Growth
-0.01%-16.82%-16.86%-30.29%-1.74%17.70%15.96%13.96%3.14%8.57%
EPS
-0.520.72-0.39-1.30-0.55-0.030.060.140.290.33
EPS Growth
-------147.04%100.00%14.29%
No. Analysts -----77433
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 197.0M 226.4M 254.1M 262.1M 284.6M
Avg 186.8M 216.6M 246.8M 254.6M 276.4M
Low 174.9M 199.3M 237.2M 244.6M 265.6M

Revenue Growth

Revenue Growth 20242025202620272028
High
24.1%
21.2%
17.3%
6.2%
11.8%
Avg
17.7%
16.0%
14.0%
3.1%
8.6%
Low
10.2%
6.7%
9.5%
-0.9%
4.3%

EPS Forecast

EPS 20242025202620272028
High 0.02 0.09 0.15 0.29 0.34
Avg -0.03 0.06 0.14 0.29 0.33
Low -0.10 - 0.14 0.27 0.31

EPS Growth

EPS Growth 20242025202620272028
High - -
154.3%
105.9%
17.6%
Avg - -
147.0%
100.0%
14.3%
Low - -
137.4%
92.2%
9.8%
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.