Research analysts at Canaccord Genuity Group started coverage on shares of Einride (NASDAQ:ENRD – Get Free Report) in a research report issued on Tuesday, Benzinga reports. The firm set a “buy” rating and a $8.00 price target on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 108.33% from the stock’s current price.
Einride Price Performance
Shares of Einride stock traded up $0.18 on Tuesday, reaching $3.84. 82,120 shares of the stock were exchanged.
About Einride
Einride AB is a Swedish freight technology company that develops electric and autonomous transportation solutions for commercial logistics. Founded in 2016 by Robert Falck, the company aims to help businesses transition from conventional diesel-powered freight operations to more sustainable and digitally managed transportation systems.
Einride’s offerings include electric heavy-duty trucks, autonomous electric freight vehicles, and the Einride Saga digital platform. Saga is designed to help customers plan, monitor and optimize freight operations, including vehicle deployment, routing, energy use and charging requirements.
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