Analyst Price Target is $11.68
▲ +34.35% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Romeo Power in the last 3 months. The average price target is $11.68, with a high forecast of $18.00 and a low forecast of $6.70. The average price target represents a 34.35% upside from the last price of $8.69.
Current Consensus is
The current consensus among 4 investment analysts is to hold stock in Romeo Power. This rating has held steady since January 2021, when it changed from a Buy consensus rating.
Romeo Power, Inc., an energy storage technology company, designs and manufactures lithium-ion battery modules and packs for commercial electric vehicles in North America. The company operates through two segments, Romeo Power North America and Joint Venture Support. The Romeo Power North America segment designs and manufactures battery modules, battery packs, and battery management system technologies in North America. The Joint Venture Support segment provides design, research and development, and other engineering related services. It serves commercial and high-performance electric vehicle manufacturers, fleet operators, and automobile and recreational vehicle manufacturers. The company was founded in 2014 and is headquartered in Vernon, California.