JPMorgan Chase & Co. Initiates Coverage on Gogoro (NASDAQ:GGR)

JPMorgan Chase & Co. assumed coverage on shares of Gogoro (NASDAQ:GGRGet Rating) in a report published on Tuesday, MarketBeat reports. The brokerage issued an underweight rating and a $4.30 target price on the stock.

Separately, Citigroup assumed coverage on Gogoro in a report on Thursday, June 9th. They set a buy rating and a $8.60 target price on the stock.

Gogoro Trading Down 11.6 %

Shares of NASDAQ:GGR opened at $4.65 on Tuesday. Gogoro has a 12-month low of $3.92 and a 12-month high of $17.59. The stock has a 50-day simple moving average of $5.35.

Gogoro (NASDAQ:GGRGet Rating) last released its quarterly earnings data on Thursday, August 11th. The company reported ($0.13) earnings per share for the quarter. The firm had revenue of $90.72 million during the quarter.

Institutional Investors Weigh In On Gogoro

An institutional investor recently bought a new position in Gogoro stock. Segantii Capital Management Ltd purchased a new stake in Gogoro Inc. (NASDAQ:GGRGet Rating) in the second quarter, according to its most recent filing with the SEC. The fund purchased 500,000 shares of the company’s stock, valued at approximately $3,825,000. Segantii Capital Management Ltd owned about 0.35% of Gogoro at the end of the most recent quarter.

Gogoro Company Profile

(Get Rating)

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.

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