TrueCar price target raised to $3.50 from $2.30 at DA Davidson

DA Davidson raised the firm’s price target on TrueCar to $3.50 from $2.30 and keeps a Neutral rating on the shares. The company’s Q4 results were “generally solid” and the management sounded generally positive on TrueCar’s positioning and trends entering 2024, the analyst tells investors in a research note.