Maxim analyst Allen Klee assumed TuanChe with a Buy rating and a price target of $13, saying the company's "differentiated approach" in car sales assistance can generate sustainable growth. The analyst cites potential TuanChe revenue catalysts that include increasing auto shows presence, expansion to China's lower-tier cities, growing its virtual dealerships, and forming a new partnership with EasyHome. Klee is also positive on the company's "asset-light financial model" that supports gross margins over 70%, its "cash rich" balance sheet, and its low capital expenditures. The analyst believes that TuanChe can grow its revenue by 30% annually over the next 3 years.