Electric Last Mile Solutions Inc (ELMSQ)

[value1008]

I assume that $15 PT from BTIG analyst Greg Lewis is a 1-yr price target and that by 2023 ELMS' shareprice will be MUCH higher :- )

https://seekingalpha.com/news/3719607-electric-last-mile-solutions-rallies-after-bull-call-from-btig

Electric Last Mile Solutions rallies after bull call from BTIG
Jul. 27, 2021 8:43 AM ETElectric Last Mile Solutions, Inc. (ELMS)By: Clark Schultz, SA News Editor

Electric Last Mile Solutions (NASDAQ:ELMS) shoots higher in early trading after BTIG starts off coverage with a Buy rating.

Analyst Gregory Lewis says the key to ELMS' success will be the successful re-tooling and start-up of its facility in Indiana and its ability to leverage a strategic relationship with Wuling Motors. Lewis and team also point to the ability for Electric Mile to deliver a cost-competitive battery electric vehicle as the company looks to carve out a slice of the roughly 500K annual U.S. delivery van market. For its part, ELMS is targeting ~35K vehicles in 2023.

BTIG assigns a price target of $15 based on ELMS' 2023 sales target of 35K vehicles and estimated 2023 revenue of $1.2B.

Shares of Electric Last Mile Solutions are up 3.86% in premarket trading to $9.15. ELMS trades belows its recent moving averages.