Ryde Group (NYSEAMERICAN:RYDE) Price Target Raised to $9.00

Ryde Group (NYSEAMERICAN:RYDE) had its target price boosted by stock analysts at Maxim Group from $8.00 to $9.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Maxim Group’s target price indicates a potential upside of 0.90% from the company’s current price.

Ryde Group Stock Up 19.9 %

Ryde Group stock opened at $8.92 on Wednesday. Ryde Group has a 52-week low of $2.02 and a 52-week high of $9.05.

About Ryde Group

Ryde Group Ltd engages in mobility and quick commerce businesses in Singapore. The Mobility segment provides on-demand and scheduled carpooling and ride-hailing services. The Quick Commerce segment offers real-time on-demand, scheduled, and multi-stop parcel delivery services. The company was founded in 2014 and is headquartered in Singapore.