Is Ree Automotive Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NASDAQ: REE) stock is to Buy REE stock.
Out of 2 analysts, 0 (0%) are recommending REE as a Strong Buy, 1 (50%) are recommending REE as a Buy, 1 (50%) are recommending REE as a Hold, 0 (0%) are recommending REE as a Sell, and 0 (0%) are recommending REE as a Strong Sell.
What is REE's forecast return on equity (ROE) for 2023-2024?
(NASDAQ: REE) forecast ROE is -112.02%, which is considered weak.
What is REE's Price Target?
According to 2 Wall Street analysts that have issued a 1 year REE price target, the average REE price target is $1.25, with the highest REE stock price forecast at $1.50 and the lowest REE stock price forecast at $1.00.
On average, Wall Street analysts predict that Ree Automotive's share price could reach $1.25 by May 24, 2024. The average Ree Automotive stock price prediction forecasts a potential upside of 228.95% from the current REE share price of $0.38.
What is REE's forecast return on assets (ROA) for 2023-2024?
(NASDAQ: REE) forecast ROA is -91.38%, which is lower than the forecast US Recreational Vehicles industry average of 12.3%.
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