Analyst Scoreboard: 11 Ratings For ACV Auctions
Portfolio Pulse from Benzinga Insights
In the last three months, 11 analysts have published ratings on ACV Auctions (NASDAQ:ACVA), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has risen to $21.55. ACV Auctions has shown positive revenue growth but faces challenges in profitability and asset utilization.
August 05, 2024 | 8:01 pm
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POSITIVE IMPACT
ACV Auctions (NASDAQ:ACVA) has received 11 analyst ratings in the last three months, with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased to $21.55, indicating positive market sentiment. However, the company faces challenges in profitability and asset utilization despite positive revenue growth.
The increase in the average 12-month price target to $21.55 and the majority of bullish ratings suggest a positive short-term impact on ACVA's stock price. However, challenges in profitability and asset utilization may temper this optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100