BTIG Research Cuts SunCar Technology Group (NASDAQ:SDA) Price Target to $5.00

Key Points

• BTIG Research cut its price target for SunCar Technology Group from $6.00 to $5.00 while maintaining a "buy" rating, with the new target implying a 306.50% upside from the stock's previous close.
• The analyst landscape is mixed—two Buy, one Hold and one Sell—giving SunCar a consensus rating of "Hold" and a consensus target price of $4.25.
• SunCar opened at about $1.23 on Friday, has a market cap of $125.47 million, a negative PE (-30.75), a 1‑year range of $1.15–$3.65, and recently reported $0.03 EPS and $151.21 million in quarterly revenue.

SunCar Technology Group (NASDAQ:SDA - Get Free Report) had its price objective cut by stock analysts at BTIG Research from $6.00 to $5.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. BTIG Research's price target points to a potential upside of 306.50% from the company's previous close.

A number of other brokerages have also commented on SDA. Wall Street Zen raised shares of SunCar Technology Group to a "hold" rating in a report on Saturday, April 11th. Zacks Research raised shares of SunCar Technology Group to a "hold" rating in a report on Wednesday, March 18th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of SunCar Technology Group in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, SunCar Technology Group has a consensus rating of "Hold" and a consensus target price of $4.25.

SunCar Technology Group Trading Up 1.7%

SunCar Technology Group stock opened at $1.23 on Friday. The firm's 50 day simple moving average is $1.80 and its 200 day simple moving average is $1.93. The firm has a market capitalization of $125.47 million, a PE ratio of -30.75 and a beta of 0.23. SunCar Technology Group has a 1-year low of $1.15 and a 1-year high of $3.65.

SunCar Technology Group (NASDAQ:SDA - Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $151.21 million for the quarter. Research analysts forecast that SunCar Technology Group will post 0.14 earnings per share for the current year.

SunCar Technology Group Company Profile

SunCar Technology Group NASDAQ: SDA is a technology-driven developer of range-extending systems for electric vehicles. The company’s flagship offering, SunDrive, integrates a compact internal combustion generator, advanced battery management, thermal management, and proprietary power electronics under unified control software. By combining these elements into a modular platform, SunCar addresses range anxiety and total cost of ownership concerns for light- and medium-duty EV fleets.

Founded in 2016 and headquartered in Shenzhen, China, SunCar serves global customers across ride-hailing, delivery logistics and commercial fleet segments.

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