Analyst Price Target is $6.00
▲ +440.54% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Microvast in the last 3 months. The average price target is $6.00, with a high forecast of $8.00 and a low forecast of $4.00. The average price target represents a 440.54% upside from the last price of $1.11.
Current Consensus is
The current consensus among 2 polled investment analysts is to hold stock in Microvast. This rating has held steady since December 2021, when it changed from a Sell consensus rating.
Microvast Holdings, Inc. designs, develops, and manufactures battery systems for electric vehicles and energy storage systems. The company offers a range of cell chemistries, such as lithium titanate oxide, lithium iron phosphate, and nickel manganese cobalt version 1 and 2.It also designs, develops, and manufactures battery components, such as cathode, anode, electrolyte, and separator. In addition, the company offers battery solutions for commercial vehicles and energy storage systems. Its commercial vehicle markets cover buses, trains, mining trucks, marine and port applications, and automated guided and specialty vehicles, as well as light, medium, heavy-duty trucks in the United States and internationally. The company was incorporated in 2006 and is based in Stafford, Texas.