Analysts Are Downgrading These 5 Stocks on Friday

Page 5 of 5

1. TuSimple Holdings Inc. (NASDAQ:TSP) was downgraded from an Outperform to a Sector Perform rating by Joseph Spak at RBC Capital. The analyst also slashed the target price on TuSimple Holdings Inc. (NASDAQ:TSP) from $14 to $7, reflecting a potential downside of 4% from Thursday’s closing price. Spak has confidence in autonomous trucking technology and TuSimple Holdings Inc. (NASDAQ:TSP) happens to be one of the leaders in the segment. However, the analyst shared that the milestones reached by the company “are not enough in the market” to attract investors, as any potential investment is unlikely to yield a significant return in the next five years.

Out of the 924 hedge funds being tracked by Insider Monkey, TuSimple Holdings Inc. (NASDAQ:TSP) was held by 15 hedge funds at the end of Q4 2021.

You can also take a peek at the 10 Best Undervalued Large-Cap Stocks According to Hedge Funds and Top 9 Stocks Billionaire Larry Robbins Just Added to His Portfolio.

Page 5 of 5