▼ -21.05% Downside Potential
This price target is based on 1 analysts offering 12 month price targets for TuanChe in the last 3 months. The average price target is $3.00, with a high forecast of $3.00 and a low forecast of $3.00. The average price target represents a -21.05% upside from the last price of $3.80.
The current consensus among 1 polled investment analysts is to buy stock in TuanChe. This Buy consensus rating has held steady for over two years.
TuanChe Limited, through with its subsidiaries, operates as an omni-channel automotive marketplace in China. It organizes auto shows and group-purchase events that attract various consumers; and provides integrated marketing solutions to industry customers, which include automakers, franchised dealerships, secondary dealers, and automotive service providers, as well as enable interactions between participants on both sides of a potential transaction. As of December 31, 2019, the company organized 1,055 auto shows in 233 cities across China. It also provides virtual dealership services by connecting automakers and franchised dealerships with secondary dealers by providing a suite of services traditionally undertaken by franchised dealerships without setting up permanent physical presence. In addition, the company offers business and technical support, and consulting services. TuanChe Limited has a strategic partnership with Beijing Easyhome Furnishing Chain Group Co., Ltd. to jointly establish an one-stop retail experience that combines home decoration products and automotive services. The company was founded in 2010 and is headquartered in Beijing, China.