J.P. Morgan Thinks TuSimple Holdings’ Stock is Going to Recover

In a report issued on May 4, Brian Ossenbeck from J.P. Morgan maintained a Buy rating on TuSimple Holdings (TSPResearch Report), with a price target of $25.00. The company’s shares closed last Monday at $8.74, close to its 52-week low of $8.41.

According to, Ossenbeck is a 4-star analyst with an average return of 11.0% and a 46.8% success rate. Ossenbeck covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, US Xpress Enterprises, and Knight Transportation.

Currently, the analyst consensus on TuSimple Holdings is a Strong Buy with an average price target of $32.56, representing a 254.9% upside. In a report issued on May 4, Piper Sandler also maintained a Buy rating on the stock with a $45.00 price target.

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TuSimple Holdings’ market cap is currently $2.04B and has a P/E ratio of -2.63.

Based on the recent corporate insider activity of 25 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 TSP in relation to earlier this year.

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TuSimple Holdings Inc is an autonomous technology company in the global truck freight market. It has developed a technology for semi-trucks to build the Autonomous Freight Network (AFN) in partnership with shippers, carriers, railroads, freight brokers, fleet asset owners, and truck hardware partners. The company recognizes revenue primarily from providing freight capacity services.

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