2021-02-22 08:19:32 ASPN Aspen Aerogels
02/22/21 02/2208:19 02/22/2108:19 | Aspen Aerogels price target raised to $30 from $19 at B. Riley SecuritiesB. Riley Securities analyst Thomas Curran raised the firm's price target on Aspen Aerogels to $30 from $19 and reiterates a Buy rating on the shares. The analyst reduced 2021 and 2022 estimates on the combination of a softer COVID-19 exit trajectory for the legacy division and a step-up in electric vehicle division costs as it prepares for a multiyear period of "explosive growth" starting in 2023. Curran also lifted his valuation saying management's update on and newly-quantified goals for the electric vehicle division "strongly reinforced the bull case." This is an electric vehicle stock now and newly quantified 2023-2025 targets "have bolstered the story," Curran As previously reported, | |
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