What is Wall Street’s target price for EHang Holdings Ltd
Wall Street is neutral on EHang Holdings Ltd – ADR (EH). On average, analysts give EHang Holdings Ltd – ADR a Hold rating. The average price target is $23, which means analysts expect the stock to gain 71.13% over the next twelve months. This average ranking earns EHang Holdings Ltd – ADR an analyst rating of 4, which is better than 4% of the stock based on data compiled by InvestorsObserver.
Why are analyst ratings important?
While analyst projections shouldn’t be your only resource for determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get insights to better understand the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percentage of the market. This allows you to compare stocks more comprehensively than the typical buy/sell/hold ranking.
What’s going on with EHang Holdings Ltd – ADR Stock today?
EHang Holdings Ltd – ADR (EH) stock is trading at $13.44 at 11:47 a.m. on Tuesday, March 29, a gain of $0.88, or 7.01% from the previous closing price of 12 $.56. The stock has traded between $11.94 and $13.54 so far today. Today, the volume is below average. So far, 555,729 shares have been traded with an average volume of 752,643 shares. Click here for the full EHang Holdings Ltd stock report – ADR shares.
Stay in the know
Subscribe to our daily morning update newsletter and never miss market news, moves and more.