EV ETFs to Consider as a Turnaround Looks Likely
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 16 2024
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Source: NASDAQ.COM
Current EV Market Trends: The EV market is experiencing a positive shift with a year-over-year sales increase of 11% in the U.S., while global sales surged by 30.5% in September, particularly driven by significant growth in China and Europe.
Future Outlook and Investments: With increasing government support and investments, the global EV market is projected to grow significantly, potentially accounting for one-third of new passenger car sales by 2027, despite challenges in emerging markets regarding infrastructure and affordability.
Analyst Views on DRIV
Wall Street analysts forecast DRIV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DRIV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 33.496
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Current: 33.496
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
