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NASDAQ: RMBL
RumbleOn Inc Stock Forecast, Predictions & Price Target

Analyst price target for RMBL

Based on 3 analysts offering 12 month price targets for RumbleOn Inc.
Min Forecast
$42.00+7.89%
Avg Forecast
$55.67+42.99%
Max Forecast
$70.00+79.81%

Should I buy or sell RMBL stock?

Based on 3 analysts offering ratings for RumbleOn Inc.
Strong Buy
Strong Buy
1 analysts 33.33%
Buy
2 analysts 66.67%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

RMBL stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Wedbush
Top 5%
96
BuyInitiates Coverage On$55.00+41.28%2021-09-15
B. Riley Securities
Top 1%
100
Strong BuyInitiates Coverage On$70.00+79.81%2021-09-02
Baird
Top 27%
74
BuyInitiates Coverage On$42.00+7.89%2021-09-02

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Forecast return on equity

Is RMBL forecast to generate an efficient return?
Company
21.73%
Industry
79.83%
Market
46.73%
RMBL's Return on Equity is forecast to be high in 3 years (21.73%); analysts are confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is RMBL forecast to generate an efficient return on assets?
Company
8.78%
Industry
22.31%
RMBL is forecast to generate lower Return on Assets (8.78%) than the US Internet Retail industry average (22.31%)
Forecast

RMBL earnings per share forecast

What is RMBL's earnings per share in the next 3 years based on estimates from 1 analysts?
Avg 1 year Forecast
$3.78-143.65%
Avg 2 year Forecast
$4.73-154.62%
Avg 3 year Forecast
$5.95-168.71%

RMBL revenue forecast

What is RMBL's revenue in the next 3 years based on estimates from 1 analysts?
Avg 1 year Forecast
$887.8M+57.28%
Avg 2 year Forecast
$1.9B+230.24%
Avg 3 year Forecast
$2.2B+293.32%
RMBL's revenue is forecast to grow at an exceptional rate of 71.35% per year
Forecast

RMBL revenue growth forecast

How is RMBL forecast to perform vs Internet Retail companies and vs the US market?
Company
71.35%
Industry
12.1%
Market
10.77%
RMBL's revenues are forecast to grow faster (71.35% per year) than the US Internet Retail industry average (12.1%)
Forecast
RMBL's revenues are forecast to grow faster (71.35% per year) than the US market average (10.77%)
Forecast

RumbleOn Stock Forecast FAQ

Is RumbleOn Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 3 Wall Street analysts covering (NASDAQ: RMBL) stock is to Strong Buy RMBL stock.

Out of 3 analysts, 1 (33.33%) are recommending RMBL as a Strong Buy, 2 (66.67%) are recommending RMBL as a Buy, 0 (0%) are recommending RMBL as a Hold, 0 (0%) are recommending RMBL as a Sell, and 0 (0%) are recommending RMBL as a Strong Sell.

What is RMBL's earnings growth forecast for 2021-2023?

(NASDAQ: RMBL) RumbleOn's forecast annual earnings growth rate of N/A is not forecast to beat the US Internet Retail industry's average forecast earnings growth rate of 18.89%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 17.66%.

RumbleOn's earnings in 2021 is -$35,877,535.On average, 1 Wall Street analysts forecast RMBL's earnings for 2021 to be $56,443,043, with the lowest RMBL earnings forecast at $56,443,043, and the highest RMBL earnings forecast at $56,443,043. On average, 3 Wall Street analysts forecast RMBL's earnings for 2022 to be $70,628,464, with the lowest RMBL earnings forecast at $62,863,813, and the highest RMBL earnings forecast at $84,813,885.

In 2023, RMBL is forecast to generate $88,845,531 in earnings, with the lowest earnings forecast at $88,696,211 and the highest earnings forecast at $88,994,851.

What is RMBL's revenue growth forecast for 2021-2023?

(NASDAQ: RMBL) RumbleOn's forecast annual revenue growth rate of 71.35% is forecast to beat the US Internet Retail industry's average forecast revenue growth rate of 12.1%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 10.77%.

RumbleOn's revenue in 2021 is $564,502,919.On average, 1 Wall Street analysts forecast RMBL's revenue for 2021 to be $13,257,141,888, with the lowest RMBL revenue forecast at $13,257,141,888, and the highest RMBL revenue forecast at $13,257,141,888. On average, 1 Wall Street analysts forecast RMBL's revenue for 2022 to be $27,836,872,693, with the lowest RMBL revenue forecast at $27,836,872,693, and the highest RMBL revenue forecast at $27,836,872,693.

In 2023, RMBL is forecast to generate $33,153,225,010 in revenue, with the lowest revenue forecast at $33,153,225,010 and the highest revenue forecast at $33,153,225,010.

What is RMBL's forecast return on assets (ROA) for 2021-2023?

(NASDAQ: RMBL) forecast ROA is 8.78%, which is lower than the forecast US Internet Retail industry average of 22.31%.

What is RMBL's Price Target?

According to 3 Wall Street analysts that have issued a 1 year RMBL price target, the average RMBL price target is $55.67, with the highest RMBL stock price forecast at $70.00 and the lowest RMBL stock price forecast at $42.00.

On average, Wall Street analysts predict that RumbleOn's share price could stay at $55.67 by Sep 15, 2022. The average RumbleOn stock price prediction forecasts a potential downside of N/A from the current RMBL share price of $38.93.

What is RMBL's Earnings Per Share (EPS) forecast for 2021-2023?

(NASDAQ: RMBL) RumbleOn's current Earnings Per Share (EPS) is -$8.66. On average, analysts forecast that RMBL's EPS will be $3.78 for 2021, with the lowest EPS forecast at $3.78, and the highest EPS forecast at $3.78. On average, analysts forecast that RMBL's EPS will be $4.73 for 2022, with the lowest EPS forecast at $4.21, and the highest EPS forecast at $5.68. In 2023, RMBL's EPS is forecast to hit $5.95 (min: $5.94, max: $5.96).

What is RMBL's forecast return on equity (ROE) for 2021-2023?

(NASDAQ: RMBL) forecast ROE is 21.73%, which is considered strong.
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