Blue Apron Holdings Inc (APRN) Receives Consensus Rating of “Buy” from Analysts

Shares of Blue Apron Holdings Inc (NASDAQ:APRN) have earned a consensus recommendation of “Buy” from the twelve research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $9.45.

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A number of analysts have recently issued reports on the company. Needham & Company LLC assumed coverage on Blue Apron Holdings in a research report on Monday. They set a “buy” rating and a $10.00 price objective on the stock. SunTrust Banks, Inc. assumed coverage on Blue Apron Holdings in a research report on Monday. They set a “buy” rating and a $12.00 price objective on the stock. William Blair restated a “market perform” rating on shares of Blue Apron Holdings in a research report on Monday. Royal Bank Of Canada assumed coverage on Blue Apron Holdings in a research report on Monday. They set an “outperform” rating and a $10.00 price objective on the stock. Finally, Morgan Stanley assumed coverage on Blue Apron Holdings in a research report on Monday. They set an “equal weight” rating and a $7.50 price objective on the stock.

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Blue Apron Holdings (NASDAQ APRN) opened at 6.55 on Monday. The firm has a 50-day moving average of $7.82 and a 200-day moving average of $7.82. Blue Apron Holdings has a 12-month low of $6.23 and a 12-month high of $11.00. The firm’s market cap is $196.78 million.

Blue Apron Holdings Company Profile

Blue Apron Holdings, Inc is a holding company. The Company is focused on providing recipes and fresh ingredients for making home cooking accessible. The Company offers under a novel business model in which it source, process, store and package meal ingredients and ship them directly to consumers. The Company’s core products include Meals and Wine.