Romeo Power Stock at $30 a Share? This Analyst Thinks It’s Possible

Shares of Romeo Power (RMO) made a sharp U-turn on Tuesday, surging by 60%. However, after today’s 18% plunge, and as an indication of what a slog 2021 has been so far, the shares still sit 53% into the red on a year-to-date basis. That said, one Street analyst is confident the electric truck battery pack supplier has many more green days to look forward to.
BTIGs Gregory Lewis reiterated a Buy rating on RMO shares along with a $30 price target. The analyst, therefore, expects the stock to climb…

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