Analysts have been eager to weigh in on the NA sector with new ratings on Trade Desk Inc (TTD) and Westport Fuel Systems Inc (WPRT).
Trade Desk Inc (TTD)
In a report released today, Brian Wieser from Pivotal Research reiterated a Sell rating on Trade Desk Inc, with a price target of $55. The company’s shares closed yesterday at $122.20.
According to TipRanks.com, Wieser is a 5-star analyst with an average return of 11.7% and a 76.1% success rate. Wieser covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Nielsen Holdings, and 21st Century Fox.
Currently, the analyst consensus on Trade Desk Inc is a Moderate Buy with an average price target of $132.83.
See today’s analyst top recommended stocks >>
Westport Fuel Systems Inc (WPRT)
In a report released today, Colin Rusch from Oppenheimer maintained a Buy rating on Westport Fuel Systems Inc, with a price target of $4. The company’s shares closed yesterday at $2.79.
Rusch wrote:
“WPRT followed up a record quarter with another solid result showing modest upside to revenue and Adjusted EBITDA expectations while updating guidance in line with Street expectations. We believe WPRT continues to make important progress on critical initiatives including growing sales of light duty vehicles in Europe, introducing HPDI 2.0, and signing a take or pay supply agreement with Weichai Westport. Cost savings efforts are largely complete, and focus for WPRT is now on growing sales and showing operating leverage. Going forward we believe investors will be looking for revenue growth, resolution to SEC investigation-related costs, progress on clarifying the relationship with CMI as the CWI JV reaches end of life, and lower interest expenses.”
According to TipRanks.com, Rusch is a 5-star analyst with an average return of 10.7% and a 51.3% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as Capstone Turbine Corp, Amer Superconductor, and Canadian Solar Inc.
Westport Fuel Systems Inc has an analyst consensus of Strong Buy, with a price target consensus of $5.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
