Maxim Group Believes Beam Global (NASDAQ: BEEM) Won’t Stop Here

In a report released yesterday, Tate Sullivan from Maxim Group reiterated a Buy rating on Beam Global (BEEMResearch Report), with a price target of $25.00. The company’s shares closed last Thursday at $15.50, close to its 52-week high of $17.79.

According to TipRanks.com, Sullivan is a 1-star analyst with an average return of -0.2% and a 44.3% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Natural Gas Services Group, Ceco Environmental, and Capstone Turbine.

Beam Global has an analyst consensus of Strong Buy, with a price target consensus of $26.67, representing a 58.0% upside. In a report released yesterday, H.C. Wainwright also maintained a Buy rating on the stock with a $30.00 price target.

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The company has a one-year high of $17.79 and a one-year low of $3.90. Currently, Beam Global has an average volume of 275K.

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