In a report released today, Benjamin Theurer from Barclays maintained a Hold rating on AppHarvest (APPH – Research Report), with a price target of $1.00. The company’s shares closed yesterday at $0.57.
Theurer covers the Consumer Goods sector, focusing on stocks such as Coca Cola Femsa SAB De CV, Fomento Economico Mexicano, and BRF SA. According to TipRanks, Theurer has an average return of 8.0% and a 56.32% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AppHarvest with a $1.50 average price target.
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Based on AppHarvest’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.55 million and a GAAP net loss of $93.32 million. In comparison, last year the company earned a revenue of $3.07 million and had a GAAP net loss of $88.39 million
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