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Colliers Securities Thinks Xos’ Stock is Going to Recover

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In a report released today, Donovan Schafer CFA from Colliers Securities reiterated a Buy rating on Xos (XOSResearch 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.

See the top stocks recommended by analysts >>

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

NextGen Acquisition Corp is a blank check company.

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