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Rover Group (ROVR) Stock Forecast & Price Target

Notice: This company has been marked as potentially delisted and may not be actively trading.

Rover Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 7 Wall Street analysts who have issued ratings for Rover Group in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 5 have given a hold rating, and 2 have given a buy rating for ROVR.

Consensus Price Target

$8.38
-23.79% Downside
High Forecast$11.00
Average Forecast$8.38
Low Forecast$6.75

According to the 7 analysts' twelve-month price targets for Rover Group, the average price target is $8.38. The highest price target for ROVR is $11.00, while the lowest price target for ROVR is $6.75. The average price target represents a forecasted downside of -23.79% from the current price of $10.99.

TypeCurrent Forecast
7/19/23 to 7/18/24
1 Month Ago
6/19/23 to 6/18/24
3 Months Ago
4/20/23 to 4/19/24
1 Year Ago
7/19/22 to 7/19/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
2 Buy rating(s)
3 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$8.38$8.38$8.38$5.45
Forecasted Upside-23.79% Downside5.31% Upside5.31% Upside34.57% Upside
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ROVR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ROVR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Rover Group Stock vs. The Competition

TypeRover GroupRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.29
2.46
2.50
Consensus RatingHoldHoldModerate Buy
Predicted Upside-23.79% Downside49.50% Upside7.33% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/30/2023Morgan Stanley
3 of 5 stars
 Boost TargetEqual Weight ➝ Equal Weight$7.00 ➝ $11.00+0.73%
11/29/2023JMP Securities
2 of 5 stars
 Reiterated RatingMarket Outperform ➝ Market Perform
11/29/2023William Blair
2 of 5 stars
R. Schackart
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DowngradeOutperform ➝ Market Perform
11/7/2023JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$6.00 ➝ $7.00-11.39%
11/7/2023The Goldman Sachs Group
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 Boost TargetNeutral ➝ Neutral$6.00 ➝ $6.75-14.77%
8/3/2023DA Davidson
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 Boost TargetBuy ➝ Buy$6.00 ➝ $7.50+17.19%
8/2/2023Canaccord Genuity Group
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 Boost TargetBuy ➝ Buy$7.00 ➝ $8.00+25.00%
8/9/2022Gordon Haskett
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 DowngradeBuy ➝ Hold$5.50 ➝ $3.50-9.09%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 10:28 PM ET.

ROVR Forecast - Frequently Asked Questions

What is Rover Group's forecast for 2024?

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Rover Group is $8.38, with a high forecast of $11.00 and a low forecast of $6.75.

Should I buy or sell Rover Group stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rover Group in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ROVR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ROVR, but not buy additional shares or sell existing shares.

Does Rover Group's stock price have much upside?

According to analysts, Rover Group's stock has a predicted upside of 5.31% based on their 12-month stock forecasts.

Do Wall Street analysts like Rover Group more than its competitors?

Analysts like Rover Group less than other "retail/wholesale" companies. The consensus rating score for Rover Group is 2.29 while the average consensus rating score for "retail/wholesale" companies is 2.46. Learn more on how ROVR compares to other companies.


This page (NASDAQ:ROVR) was last updated on 7/18/2024 by MarketBeat.com Staff

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