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Home โบ Stocks โบ Suncar Technology Group Inc. (SDA) Stock Forecast & Price Prediction China | NASDAQ | Consumer Cyclical | Auto & Truck Dealerships
$3.18
-0.01 (-0.44%)10 Quality Stocks Worth Considering Now
Researching Suncar Tech (SDA) after the drop? Our ex-Goldman Sachs analyst reveals if it made our list of 10 oversold quality stocks with strong growth potential.
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Wall Street analysts covering SDA have a bullish consensus with a median price target of $12.50 (ranging from $12.00 to $13.00). Currently trading at $3.18, the median forecast implies a 293.6% upside. This outlook is supported by 1 Buy, 0 Hold, and 0 Sell ratings.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for SDA.
Date | Firm | Analyst | Rating | Change | Price Target |
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The following stocks are similar to Suncar Tech based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Suncar Technology Group Inc. has a market capitalization of $328.57M with a P/E ratio of 43.3x. The company generates $441.90M in trailing twelve-month revenue with a -15.5% profit margin.
Revenue growth is +14.0% quarter-over-quarter, while maintaining an operating margin of +0.0% and return on equity of -96.0%.
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Designs and manufactures electric vehicles.
Suncar Technology Group Inc. generates revenue by producing a diverse range of electric vehicles (EVs) tailored for personal and commercial use. The company capitalizes on the rising demand for sustainable transportation solutions, leveraging innovations in battery technology and EV infrastructure to enhance its product offerings.
Suncar is positioned within the growing green technology sector, contributing to the automotive industry's shift towards sustainability. Its commitment to reducing carbon emissions aligns with global trends aimed at decreasing reliance on fossil fuels, making it a potentially attractive investment in the eco-friendly market.
Consumer Cyclical
Auto & Truck Dealerships
560
Mr. Zaichang Ye
China
2023
SunCar Technology Group Inc. (NASDAQ:SDA) will hold its Q4 2024 Earnings Conference Call on April 29, 2024, at 8:00 AM ET, featuring key company executives.
SunCar Technology Group's earnings call may reveal crucial financial performance insights and strategic plans, impacting stock valuation and investor sentiment.
SunCar Technology Group (NASDAQ: SDA) reported a 21% revenue increase to $441.9M in 2024 and a 492% rise in adjusted EBITDA to $9.8M. Expanded partnerships include Tesla and Xiaomi.
SunCar's revenue and EBITDA growth signals strong operational performance. Partnerships with Tesla and Xiaomi expand market reach, enhancing competitive positioning in China's auto eInsurance sector.
SunCar Technology Group Inc. (NASDAQ: SDA) will release its 2024 financial results on April 28 after market close, followed by a conference call on April 29 at 8:00 AM ET.
SunCar's upcoming financial results and conference call could reveal key insights into its performance and future outlook, influencing investor sentiment and stock price.
SunCar Technology Group (NASDAQ: SDA) has secured a contract with the Sichuan Branch of Agricultural Bank of China to provide car wash services, reinforcing its partnership and focus on tech-driven customer solutions.
SunCar's contract with Agricultural Bank of China enhances its market position and revenue potential, showcasing growth in tech-driven auto services, which could boost investor confidence.
SunCar Technology Group Inc. (NASDAQ: SDA) announced an expanded partnership with Ping An Bank, enhancing their collaboration that started in 2017, focusing on auto e-insurance and B2B services in China.
SunCar's expanded partnership with Ping An Bank strengthens its market position in auto e-insurance, potentially driving revenue growth and investor confidence in the company's future.
SunCar Technology Group Inc. (NASDAQ: SDA) has secured a contract to develop an insurance management platform for Leapmotor, enhancing their mobile app ecosystem for electric vehicle services.
SunCar's contract with Leapmotor enhances its market position in auto e-insurance and could drive revenue growth, making it a significant development for investors tracking the EV and insurance sectors.
Based on our analysis of 0 Wall Street analysts, Suncar Technology Group Inc. (SDA) has a median price target of $12.50. The highest price target is $13.00 and the lowest is $12.00.
According to current analyst ratings, SDA has 1 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $3.18. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict SDA stock could reach $12.50 in the next 12 months. This represents a 293.6% increase from the current price of $3.18. Please note that this is a projection by Wall Street analysts and not a guarantee.
Suncar Technology Group Inc. generates revenue by producing a diverse range of electric vehicles (EVs) tailored for personal and commercial use. The company capitalizes on the rising demand for sustainable transportation solutions, leveraging innovations in battery technology and EV infrastructure to enhance its product offerings.
The highest price target for SDA is $13.00 from at , which represents a 309.3% increase from the current price of $3.18.
The lowest price target for SDA is $12.00 from at , which represents a 277.8% increase from the current price of $3.18.
The overall analyst consensus for SDA is bullish. Out of 0 Wall Street analysts, 1 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $12.50.
Stock price projections, including those for Suncar Technology Group Inc., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.