H.C. Wainwright Initiates Cango with Buy Rating and $8 Price Target
Odaily Planet Daily News: H.C. Wainwright analyst Kevin Dede has initiated coverage on Cango (NASDAQ: CANG) with a "Buy" rating and set a target price of $8.
Additionally, TipRanks data shows that the analyst has achieved a total win rate of 42.6% and an average return of 11.8% over the past year.
According to Yahoo Finance, Cango (NASDAQ: CANG) is currently trading at $5.18.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Zenix Robotics Invests 5.08 Billion Won to Expand Production Capacity
Anthropic (ANT.US) targets IPO at trillion-dollar valuation; venture capitalists warn it may signal the peak of the AI market
Venture capitalist Selby warns that Anthropic’s trillion-dollar valuation IPO could signal the peak of the AI market, and the expiration of the lock-up period may trigger a chain reaction of corrections.
Wall Street's "Great Rotation" Underway: AI Trading Fades, Tech Stocks Out of Favor, Capital Flows Shift to Defensive Sectors
Analysts point out that as investors shift their bets from high-risk technology sectors to defensive stocks, the market is currently in a "state of alert".
Barrick Gold (ABGC.US) applies for U.S. IPO, aiming to raise up to 6 billion dollars
American Barrick Gold has submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC).
Crypto prices
More
