JPMorgan Chase & Co. initiated coverage on shares of Gogoro (NASDAQ:GGR – Get Rating) in a research note issued to investors on Tuesday morning, MarketBeat.com reports. The brokerage issued an underweight rating and a $4.30 target price on the stock.
Separately, Citigroup began coverage on shares of Gogoro in a research report on Thursday, June 9th. They issued a buy rating and a $8.60 target price on the stock.
Gogoro Stock Down 11.6 %
Gogoro stock opened at $4.65 on Tuesday. The company’s 50 day moving average is $5.35. Gogoro has a twelve month low of $3.92 and a twelve month high of $17.59.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Gogoro stock. Goldman Sachs Group Inc. bought a new stake in shares of Gogoro Inc. (NASDAQ:GGR – Get Rating) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,531 shares of the company’s stock, valued at approximately $142,000.
Gogoro Company Profile
Gogoro Inc manufactures two-wheeled electric vehicle. The company offers two-wheeled electric scooter that provides cloud connectivity and electric powertrain that utilizes swappable battery infrastructure for gathering, analyzing, and sharing riding data through a mobile application on the rider's smartphone.
- Get a free copy of the StockNews.com research report on Gogoro (GGR)
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