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Making Waves: GreenPower Q4 Revenue Beats; Analysts See Upside On Wells Fargo

  • July 17th, 2023
  • 304 views

GreenPower Motor Company Inc. (Nasdaq: GP), a leading electric vehicle manufacturer, reported strong fourth-quarter fiscal 2023 revenues of $15.3 million, marking an impressive 255% year-over-year increase. The results exceeded consensus estimates of $13.98 million for the period. 

In pre-market trading, $GP surged by 7.47% to $3.74

In other news, Citigroup and Raymond James have both reiterated their positive outlook on Wells Fargo & Company (NYSE: WFC), a major American bank providing a wide range of financial services. 

Citigroup maintained a Buy rating and raised the price target from $50 to $52, while Raymond James maintained a Strong Buy rating and increased the price target from $51 to $52. 

On Friday, $WFC closed at $43.56. Comparing the price target to the closing price, both financial services firms see a potential upside of $8.44 or about 19.37% on the stock, according to their views.

The potential upside mentioned for $WFC is based on evaluations and recommendations from Citigroup and Raymond James. It is important for investors to conduct their own research and consider other factors before making any investment decisions.

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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