Brokerage Firm Rating Update on TrueCar (TRUE)

TrueCar (TRUE) : 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on TrueCar (TRUE). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 5 Wall Street Analysts endorse the stock as a Hold with a rating of 3.

TrueCar (TRUE) : The highest level TrueCar (TRUE) is projected to reach is $11 for the short term and the lowest estimate is at $5. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $7.7 and the possibility the share price can swing is $2.49.


Company shares have received an average consensus rating of Hold for the current week Also, B. Riley upgrades its view on TrueCar (NASDAQ:TRUE) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Sell. The rating by the firm was issued on August 30, 2016.

TrueCar (NASDAQ:TRUE): stock was range-bound between the intraday low of $9.26 and the intraday high of $9.68 after having opened at $9.53 on Wednesdays session. The stock finally closed in the red at $9.53, a loss of -1.27%. The stock remained in the red for the whole trading day. The total traded volume was 774,402 shares. The stock failed to cross $9.68 in Wednesdays trading. The stocks closing price on Thursday was $9.48.

TrueCar, Inc. (TrueCar) is a data-driven online platform operating on a common technology infrastructure, powered by data and analytics. The Company operates its Company-branded platform on its Website. In addition, it customizes and operates its platform on a co-branded basis for its affinity group marketing partners, including financial institutions, such as USAA and American Express; membership-based organizations, such as Consumer Reports, AARP and AAA, and employee buying programs for enterprises, such as IBM and Walmart. The Company enables users to obtain market-based pricing data on new and used cars, and to connect with its network of TrueCar Certified Dealers. It also allows automobile manufacturers, known in the industry as original equipment manufacturers (OEMs), to connect with TrueCar users in the purchase process.

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