TrueCar (TRUE, Financial) recently received an update from Needham analyst Chris Pierce, who maintained the stock's "Buy" rating while lowering the price target from $4.00 to $2.75. This adjustment reflects a significant 31.25% decrease in the price target, from the prior level.
The current price target is set at $2.75 USD, down from a previous $4.00, as reported on May 6, 2025. This revision in the price target suggests a cautious outlook for TrueCar (TRUE, Financial), although the "Buy" recommendation remains unchanged.
Investors and market watchers may want to take note of this update as it could influence trading activity and stock performance for TrueCar (TRUE, Financial) in the days ahead. Stay informed with the latest market news and analysis to make well-informed investment decisions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for TrueCar Inc (TRUE, Financial) is $4.00 with a high estimate of $5.00 and a low estimate of $3.25. The average target implies an upside of 182.69% from the current price of $1.42. More detailed estimate data can be found on the TrueCar Inc (TRUE) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, TrueCar Inc's (TRUE, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for TrueCar Inc (TRUE, Financial) in one year is $3.75, suggesting a upside of 165.02% from the current price of $1.415. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the TrueCar Inc (TRUE) Summary page.
