TuSimple (TSP) Stock: $11 Target And Outperform Rating

By Amit Chowdhry ● Aug 15, 2022
  • The shares of TuSimple (TSP) recently received an $11 price target from Baird. These are the details.

The shares of TuSimple (TSP) recently received an $11 price target from Baird. And Baird analyst Ben Kallo is maintaining an “Outperform” rating on the shares.

Kallo adjusted the rating while noting that management made modest changes to the full-year guidance maintaining the revenue outlook while decreasing the forecast for adjusted EBITDA loss and stock-based comp expense. And Kallo noted that the shares will likely be under pressure.

However, Kallo maintains the rating due to technology, the optionality of the China business, and the cash balance.