Robert W. Baird Thinks TuSimple Holdings’ Stock is Going to Recover

Robert W. Baird analyst Ben Kallo maintained a Buy rating on TuSimple Holdings (TSPResearch Report) on December 22 and set a price target of $52.00. The company’s shares closed last Wednesday at $32.09, close to its 52-week low of $27.24.

According to TipRanks.com, Kallo is a 5-star analyst with an average return of 14.1% and a 61.3% success rate. Kallo covers the Basic Materials sector, focusing on stocks such as Archer Daniels Midland, Darling Ingredients, and Atotech.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for TuSimple Holdings with a $56.22 average price target, representing a 41.0% upside. In a report issued on December 10, Needham also reiterated a Buy rating on the stock with a $60.00 price target.

See the top stocks recommended by analysts >>

Based on TuSimple Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $584K and GAAP net loss of $89.45 million. In comparison, last year the company earned revenue of $1.79 million and had a GAAP net loss of $115 million.

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.

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.

Read More on TSP:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More