In the latest stock market developments, renowned analyst Chris Pierce from Needham has reiterated a "Buy" rating for ACVA Auctions (ACVA, Financial). This comes as the analyst maintains a price target of $25.00 USD for the stock.
The decision was announced on May 8, 2025, keeping consistent with the prior recommendation and price target set at $25.00 USD. The analyst's stance on ACVA Auctions remains steady, with no changes in the rating or target price percentage, indicating continued confidence in the company's market performance.
Investors observing ACVA Auctions (ACVA, Financial) should take note of this reaffirmed position, as it might influence trading strategies and decisions in the coming days. Stay updated with more developments and insights on ACVA Auctions as they unfold.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for ACV Auctions Inc (ACVA, Financial) is $23.92 with a high estimate of $28.00 and a low estimate of $20.00. The average target implies an upside of 52.28% from the current price of $15.71. More detailed estimate data can be found on the ACV Auctions Inc (ACVA) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, ACV Auctions Inc's (ACVA, Financial) average brokerage recommendation is currently 1.8, 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 ACV Auctions Inc (ACVA, Financial) in one year is $26.09, suggesting a upside of 66.07% from the current price of $15.71. 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 ACV Auctions Inc (ACVA) Summary page.
