Is Plug Power Stock Going to $5? 1 Wall Street Analyst Thinks So.
Roaring Kitty's return to the social media platform Reddit inspired a surge in meme stock prices on Monday, and it's looking like Plug Power (NASDAQ: PLUG) stock is a prime beneficiary of the turnaround. Share prices of the forever-unprofitable hydrogen fuel cell company rose by double-digit percentages Monday, approaching consensus targets of about $3 a share.
However, one analyst thinks Plug Power could go even higher.
Before Monday's rally, TD Cowen's Jeffrey Osborne trimmed his price target for Plug stock to $5 a share -- a downgrade of sorts, but one that still implies Plug Power could soar 34% over the next year.
Source Fool.com
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