Autonomous Trucks
Analysts Bullish on TuSimple Self-Driving TrucksAfter markets close Monday, TuSimple Holdings Inc. (NASDAQ: TSP) will release its first quarterly report as a publicly traded company. TuSimple is developing autonomous driving technology for semi trucks and just came public in mid-April. He has given the stock an Outperform rating and a price target of $52. JPMorgan has initiated coverage on TuSimple with an Overweight rating and a December 2021 price target of $55. Other analyst firms initiating coverage of TuSimple on Monday:Citigroup: Buy, price target $75Needham: Buy, price target $60Cowen: Market Perform, price target $38RBC Capital Markets: Price target $52Morgan Stanley: Overweight, price target $48Piper Sandler: Overweight, price target $50BofA Securities: Buy, price target $51TuSimple’s stock traded up about 3% Monday morning, at $38.42 in a post-IPO range of $32.13 to $41.50.