Roth Capital Reiterates Buy On Gentherm, Sees 28% Upside For The Stock
In a research report issued today, Roth Capital analyst Matt Koranda reiterated a Buy rating on Gentherm Inc (NASDAQ:THRM) with a price target of $50.00, which represents a potential upside of 28% from where the stock is currently trading.
Koranda noted, “THRM delivered another strong quarter, in our view, beating consensus EPS handily . The stock sold off, however, on the perception that THRM’s implied Q4 outlook fell short of Street estimates. We believe this unwarranted fixation on the near-term presents an opportunity for long-term oriented investors, and see shares at an attractive entry point in the high-$30 range.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Matt Koranda has a total average return of -3.2% and a 40.0% success rate. Koranda has a 4.2% average return when recommending THRM, and is ranked #2704 out of 3354 analysts.