In a recent update, Zapp Electric Vehicles Gr (ZAPP, Financial), a company listed on the NASDAQ, has seen its stock rating downgraded by Maxim Group. The analyst behind this adjustment, Tate Sullivan, revised the rating from a previous 'Buy' to a current 'Hold' on May 20, 2025.
The downgrade by Maxim Group comes without an updated price target or percentage change, as no such figures were provided in the latest report. The previous rating of 'Buy' indicated a strong recommendation for purchase, while the new 'Hold' suggests that investors may want to maintain their current positions rather than seek additional shares.
This development is a significant update for stakeholders in Zapp Electric Vehicles Gr (ZAPP, Financial), highlighting a potential shift in the market's outlook on the company's future performance. Investors are encouraged to stay informed with any further updates that may impact the stock's standing.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Zapp Electric Vehicles Group Ltd (ZAPP, Financial) is $19.33 with a high estimate of $35.00 and a low estimate of $3.00. The average target implies an upside of 12,389.23% from the current price of $0.15. More detailed estimate data can be found on the Zapp Electric Vehicles Group Ltd (ZAPP) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Zapp Electric Vehicles Group Ltd's (ZAPP, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
