InvestorsObserver gives Cloopen Group Holding Ltd – ADR (RAAS) an analyst rating of 74, meaning RAAS is ranked higher by analysts than 74% of stocks. The average price target for RAAS is $27 and analysts rate the stock as a strong buy.
Why are analyst ratings important?
Analysts know better than anyone the inner workings of the companies they follow, except for the management of the companies. You can tell a lot about a company by studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in any part of the world can disrupt supply chains or disrupt shopping habits. This allows traders to make decisions **ahead** of a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all analysts covering a given stock, takes the average of those ratings, and then ranks the averages into percentiles. This provides a much better level of granularity than the three levels provided by traditional buy/hold/sell notations.
What’s going on with Cloopen Group Holding Ltd – ADR Stock today?
Cloopen Group Holding Ltd – ADR (RAAS) stock gained 0.58% while the S&P 500 was down -0.08% at 9:41 a.m. Thursday, January 6. RAAS is up $0.01 from the previous closing price of $2.61 on volume of 1,089 shares. Over the past year, the S&P 500 is up 20.08% while the RAAS is down -94.54%. RAAS has lost -$6.32 per share over the past 12 months. Click here for the full report on Cloopen Group Holding Ltd shares – ADR shares.