GGR Similar Chart Price Prediction
The price of GGR is predicted to go up -6.2%, based on the high correlation periods with SAR. The similarity of these two price pattern on the periods is 90.74%.
GGR
SAR
Down: -6.2%Similarity: 90.74%
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GGR Analyst's Forecast
Beatrice Lam
Citigroup
Strong Buy → Hold
2024-11-15
Price Target
$2.3 → $0.5
Upside
+4.6%
Citi downgraded Gogoro to Neutral from Buy with a price target of 50c, down from $2.30. Gogoro delivered disappointing Q3 results due to muted growth in E2Ws sales in Taiwan coupled with a decrease in selling prices due to the higher sales mix of entry-level models, the analyst tells investors in a research note. The firm believes the company's fundamental weakness is largely priced in, but also thinks the share upside is limited.
