Ariel Rosa from Citigroup sets a price target of $162 for NYSE:UPS, indicating a potential upside of 23.7%.
UPS is under investigation by Levi & Korsinsky for potential violations of federal securities laws following its Q2 earnings report and lowered guidance.
The company’s stock price currently stands at $130.96, with a year’s trading range between $123.12 and $163.82, showcasing volatility.
United Parcel Service, Inc. (NYSE:UPS) is a global leader in logistics and package delivery services. The company operates in over 220 countries, providing a wide range of solutions, including transportation, distribution, and freight services. UPS competes with other major players like FedEx and DHL in the logistics industry.
On October 8, 2024, Ariel Rosa from Citigroup set a price target of $162 for UPS, suggesting a potential upside of 23.7% from its current price of $130.96. This optimistic outlook comes despite recent challenges faced by the company, including an investigation by Levi & Korsinsky into potential violations of federal securities laws.
The investigation follows UPS’s announcement on July 23, 2024, where it reported second-quarter earnings and lowered its guidance for the rest of the year. This has raised concerns among investors about the company’s financial disclosures and compliance with securities regulations, as highlighted by Levi & Korsinsky.
Currently, UPS’s stock price is $130.96, reflecting a slight decrease of 0.18% or $0.24. The stock has traded between $130.50 and $131.78 today. Over the past year, UPS has seen a high of $163.82 and a low of $123.12, indicating some volatility in its stock performance.
UPS’s market capitalization is approximately $112.18 billion, with a trading volume of 1,712,992 shares on the NYSE today. Despite the ongoing investigation and lowered guidance, the company’s substantial market cap and trading activity suggest continued investor interest.
