REE Automotive: Electrifying The Truck Stop? Analyst Bullish On EV Platform
Portfolio Pulse from Lekha Gupta
Roth MKM analyst Craig Irwin initiated coverage on REE Automotive Ltd. (NASDAQ:REE) with a Buy rating and a price target of $14. The analyst highlights REE's potential in billion-dollar markets and expects significant revenue growth and positive EBITDA by FY26. REE's recent partnership with Penske and its innovative REEcorner technology are key factors in its growth strategy.
May 17, 2024 | 5:34 pm
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Roth MKM analyst Craig Irwin initiated coverage on REE Automotive Ltd. (NASDAQ:REE) with a Buy rating and a price target of $14. The analyst expects significant revenue growth and positive EBITDA by FY26, driven by REE's innovative REEcorner technology and recent partnership with Penske.
The analyst's Buy rating and $14 price target indicate strong confidence in REE's growth potential. The company's innovative REEcorner technology and partnership with Penske are expected to drive significant revenue growth and positive EBITDA by FY26.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100