In a report released today, Donovan Schafer CFA from Colliers Securities reiterated a Buy rating on Xos (XOS – Research Report), with a price target of $8.00. The company’s shares closed last Thursday at $2.18, close to its 52-week low of $2.17.
According to TipRanks.com, CFA is ranked #7036 out of 7764 analysts.
Currently, the analyst consensus on Xos is a Hold with an average price target of $4.93.
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Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of XOS in relation to earlier this year.
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NextGen Acquisition Corp is a blank check company.
Read More on XOS:
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- F5 Networks (FFIV) Received its Third Buy in a Row
- Colliers Securities Maintains a Buy Rating on Commercial Vehicle Group (CVGI)
- Needham Sticks to Its Buy Rating for Outbrain (OB)
- Needham Thinks Tremor International’s Stock is Going to Recover
