Rumble (RUM) Stock Forecast & Price Target

$6.15 -0.68 (-9.96%)

(As of 11/13/2024 ET)

Rumble - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 2 Analyst Ratings

Sell
0

Hold
2

Buy
0

Based on 2 Wall Street analysts who have issued ratings for Rumble in the last 12 months, the stock has a consensus rating of "Hold." Out of the 2 analysts, 2 have given a hold rating for RUM.

Consensus Price Target

$8.00
30.08% Upside

According to the 2 analysts' twelve-month price targets for Rumble, the average price target is $8.00. The highest price target for RUM is $8.00, while the lowest price target for RUM is $8.00. The average price target represents a forecasted upside of 30.08% from the current price of $6.15.

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RUM Analyst Ratings Over Time

Type	Current Forecast 11/14/23 to 11/13/24	1 Month Ago 10/15/23 to 10/14/24	3 Months Ago 8/16/23 to 8/15/24	1 Year Ago 11/14/22 to 11/14/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$8.00	$8.00	$8.00	$12.00
Forecasted Upside	30.08% Upside	46.25% Upside	27.19% Upside	153.16% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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RUM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

RUM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Rumble Stock vs. The Competition

Type	Rumble	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.00	2.67	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	30.08% Upside	556.80% Upside	7.96% Upside
News Sentiment Rating	Neutral News See Recent RUM News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/13/2024	Wedbush 4 of 5 stars	S. Devitt Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral	$8.00	+33.33%
3/28/2024	Oppenheimer 3 of 5 stars		Reiterated Rating	Market Perform ➝ Market Perform
5/16/2023	DA Davidson 3 of 5 stars		Lower Target		$15.00 ➝ $12.00	+20.12%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 11:51 PM ET.

RUM Forecast - Frequently Asked Questions

: According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Rumble is $8.00, with a high forecast of $8.00 and a low forecast of $8.00.
: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Rumble in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RUM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RUM, but not buy additional shares or sell existing shares.
: According to analysts, Rumble's stock has a predicted upside of 30.08% based on their 12-month stock forecasts.
: Rumble has been rated by research analysts at Wedbush in the past 90 days.
: Analysts like Rumble less than other "computer and technology" companies. The consensus rating for Rumble is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how RUM compares to other companies.

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This page (NASDAQ:RUM) was last updated on 11/13/2024 by MarketBeat.com Staff

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Rumble (RUM) Stock Forecast & Price Target