- The shares of Aspen Aerogels Inc (NYSE: ASPN) have received a price target of $70 from B. Riley. These are the details.
The shares of Aspen Aerogels Inc (NYSE: ASPN) have received a price target of $70 from B. Riley. And B. Riley analyst Christopher Souther increased the price target from $60 while maintaining a “Buy” rating on the shares.
Souther had introduced 2024 and 2025 estimates and sees several paths for upside. And the key catalysts for 2022 are the electric vehicle plans for Aspen’s likely first 2 major automaker customers and the revenue potential with these and others in the pipeline.
Plus Souther believes Aspen’s first 2 customers will be General Motors and Toyota. And additional PyroThin wins present the biggest potential catalysts for Aspen Aerogels.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.