Maxim Group Thinks TuanChe’s Stock is Going to Recover

Maxim Group analyst Jack Vander Aarde reiterated a Buy rating on TuanChe (TCResearch Report) yesterday and set a price target of $3.00. The company’s shares closed last Friday at $0.95, close to its 52-week low of $0.86.

According to TipRanks.com, Aarde is a 5-star analyst with an average return of 32.6% and a 58.5% success rate. Aarde covers the Technology sector, focusing on stocks such as BIO-key International, WiMi Hologram Cloud, and Avid Technology.

TuanChe has an analyst consensus of Moderate Buy, with a price target consensus of $3.00.

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The company has a one-year high of $3.00 and a one-year low of $0.86. Currently, TuanChe has an average volume of 20.18K.

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TuanChe Ltd. is a holding company, which engages in the operation of an omni-channel automotive marketplace. It offers auto shows, group-purchase facilitation, and virtual dealership services. It also provides advertising and marketing solutions. The company was founded by Wei Wen and Jian Chen Sun in 2010 and is headquartered in Beijing, China.