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TrueCar - TRUE Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $2.69
  • Forecasted Upside: 16.85%
  • Number of Analysts: 3
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$2.30 As of 03/30/2023 01:00 AM ET
▼ -0.02 (-0.86%)

This chart shows the closing price for TRUE by one month, three months, or twelve months.

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Analyst Price Target for TRUE

Analyst Price Target is $2.69
▲ +16.85% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for TrueCar in the last 3 months. The average price target is $2.69, with a high forecast of $3.50 and a low forecast of $1.50. The average price target represents a 16.85% upside from the last price of $2.30.

This chart shows the closing price for TRUE for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 3 contributing investment analysts is to buy stock in TrueCar. This rating has held steady since November 2022, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
10/6/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
1/4/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
4/4/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
7/3/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
10/1/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
12/30/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
2/28/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/30/2023

Latest Recommendations

  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
3/14/2023Needham & Company LLCUpgradeHold ➝ Buy$3.50Low
2/23/2023Needham & Company LLCReiterated RatingHoldLow
11/25/2022DA DavidsonBoost Target$2.75Low
11/15/2022Craig HallumLower Target$1.50Low
11/8/2022BTIG ResearchUpgradeNeutral ➝ Buy$3.00Low
10/31/2022JPMorgan Chase & Co.UpgradeUnderweight ➝ OverweightLow
9/13/2022DA DavidsonLower Target$2.25Low
2/24/2022BenchmarkLower TargetBuy$7.00 ➝ $6.00High
2/24/2022DA DavidsonLower TargetNeutral$3.85 ➝ $3.50High
2/23/2022Craig HallumDowngradeBuy ➝ Hold$6.00 ➝ $3.50High
2/2/2022Northcoast ResearchInitiated CoverageNeutralLow
12/28/2021Truist FinancialLower TargetHold$6.00 ➝ $4.25Low
10/27/2021BTIG ResearchDowngradeBuy ➝ NeutralLow
8/19/2021DA DavidsonLower TargetNeutral$5.25 ➝ $4.50Low
3/8/2021BTIG ResearchUpgradeNeutral ➝ BuyN/A
3/5/2021Needham & Company LLCReiterated RatingHoldHigh
3/2/2021BTIG ResearchUpgradeNeutral ➝ Buy$7.25High
2/25/2021BenchmarkUpgradeHold ➝ Buy$8.00High
1/25/2021The Goldman Sachs GroupInitiated CoverageNeutralMedium
11/11/2020Truist FinancialLower Target$6.00 ➝ $4.50Low
11/9/2020Smith Barney CitigroupLower Target$5.50 ➝ $4.50Low
11/9/2020JMP SecuritiesUpgradeMarket Perform ➝ Outperform$6.00Low
8/10/2020DA DavidsonBoost TargetNeutral$3.00 ➝ $5.25Low
8/7/2020Needham & Company LLCInitiated CoverageHoldLow
8/7/2020Craig HallumUpgradeHold ➝ Buy$4.00 ➝ $10.00High
6/19/2020B. RileyInitiated CoverageBuy$5.00Medium
6/10/2020B. RileyUpgradeNeutral ➝ Buy$3.00 ➝ $5.00High
5/11/2020CitigroupBoost TargetNeutral$3.00 ➝ $3.25Low
5/8/2020Needham & Company LLCReiterated RatingHoldHigh
5/6/2020B. RileyLower TargetNeutral$3.50 ➝ $3.00High
3/29/2020Royal Bank of CanadaReiterated RatingHold$3.50Low
2/21/2020DA DavidsonReiterated RatingNeutralMedium
2/21/2020Craig HallumLower TargetHold$5.00 ➝ $4.00Low
2/21/2020Royal Bank of CanadaLower TargetSector Perform$5.00 ➝ $3.50High
2/21/2020StephensLower TargetOverweight$8.00 ➝ $4.00High
2/21/2020B. RileyLower TargetNeutral$4.50 ➝ $3.50High
2/14/2020JMP SecuritiesReiterated RatingHoldLow
9/12/2019Needham & Company LLCInitiated CoverageHoldMedium
8/9/2019CowenSet TargetHold$5.00Low
8/9/2019CitigroupLower TargetNeutral$7.00 ➝ $4.50High
5/20/2019CowenInitiated CoverageHold$7.00Low
5/14/2019SunTrust BanksReiterated RatingHold$8.00Low
5/6/2019SunTrust BanksReiterated RatingHold$9.00Low
3/25/2019BenchmarkDowngradeBuy ➝ Hold$11.00Medium
3/18/2019The Goldman Sachs GroupReiterated RatingSell ➝ Sell$7.00 ➝ $6.00Low
2/15/2019Craig HallumDowngradeBuy ➝ Hold$10.00High
2/15/2019BenchmarkLower TargetBuy$16.00 ➝ $11.00High
2/15/2019B. RileyReiterated RatingBuy ➝ Neutral$16.50 ➝ $9.50High
2/15/2019Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform$12.00 ➝ $9.00High
12/21/2018BTIG ResearchDowngradeBuy ➝ Neutral$9.05High
12/17/2018SunTrust BanksInitiated CoverageHold ➝ HoldHigh
12/7/2018CitigroupInitiated CoverageNeutral ➝ Neutral$11.50High
11/13/2018BTIG ResearchInitiated CoverageBuy$13.00Low
11/7/2018BenchmarkLower TargetBuy$18.00 ➝ $16.00High
11/7/2018B. RileyLower TargetBuy$18.00 ➝ $16.50High
8/13/2018DA DavidsonSet TargetNeutral ➝ Hold$13.00High
6/7/2018The Goldman Sachs GroupDowngradeNeutral ➝ Sell$11.00 ➝ $9.00High
5/3/2018BenchmarkReiterated RatingBuy$18.00Low
4/4/2018DA DavidsonInitiated CoverageNeutral$9.75Medium
(Data available from 3/30/2018 forward)

News Sentiment Rating

0.70 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 2 very positive mentions
  • 7 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
9/1/2022
  • 5 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 2 very negative mentions
Mentions as of
10/1/2022
  • 4 very positive mentions
  • 11 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
10/31/2022
  • 7 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
11/30/2022
  • 4 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/30/2022
  • 2 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/29/2023
  • 5 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
2/28/2023
  • 5 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
3/30/2023

Current Sentiment

  • 5 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 1 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

TrueCar logo
TrueCar, Inc. engages in the operation of data-driven online platform which provides dealers and automakers with automobile information. It provides pricing transparency about what other people paid for their cars. The firm's products include Used Cars for Sale, Sell My Car, Local Pricing, and Lease a Car. The company was founded by Thomas Taira, James Nguyen, Scott Painter and Bernard Brenner in February 2005 and is headquartered in Santa Monica, CA.
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Today's Range

Now: $2.30
Low: $2.29
High: $2.35

50 Day Range

MA: $2.63
Low: $1.90
High: $3.23

52 Week Range

Now: $2.30
Low: $1.30
High: $4.09

Volume

143,034 shs

Average Volume

382,258 shs

Market Capitalization

$203.99 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.42

Frequently Asked Questions

What sell-side analysts currently cover shares of TrueCar?

The following Wall Street analysts have issued reports on TrueCar in the last twelve months: BTIG Research, Craig Hallum, DA Davidson, JPMorgan Chase & Co., Needham & Company LLC, and StockNews.com.
View the latest analyst ratings for TRUE.

What is the current price target for TrueCar?

4 Wall Street analysts have set twelve-month price targets for TrueCar in the last year. Their average twelve-month price target is $2.69, suggesting a possible upside of 16.8%. Needham & Company LLC has the highest price target set, predicting TRUE will reach $3.50 in the next twelve months. Craig Hallum has the lowest price target set, forecasting a price of $1.50 for TrueCar in the next year.
View the latest price targets for TRUE.

What is the current consensus analyst rating for TrueCar?

TrueCar currently has 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe TRUE will outperform the market and that investors should add to their positions of TrueCar.
View the latest ratings for TRUE.

What other companies compete with TrueCar?

Other companies that are similar to TrueCar include Sify Technologies, Blend Labs, Sangoma Technologies, Aurora Mobile and GAN. Learn More about companies similar to TrueCar.

How do I contact TrueCar's investor relations team?

TrueCar's physical mailing address is 120 BROADWAY SUITE 200, SANTA MONICA CA, 90401. The technology company's listed phone number is (800) 200-2000 and its investor relations email address is [email protected] The official website for TrueCar is www.truecar.com. Learn More about contacing TrueCar investor relations.