VRM - Vroom +8% after Goldman Sachs calls out upside

Goldman Sachs upgrades Vroom (VRM) to a Buy rating from Neutral on what it calls a long runway of growth for the online car platform.Vroom is expected to continue to take market share from small auto dealers amid COVID-19. The GS analyst team thinks the current pullback is a buying opportunity with gross profit estimates pushed higher. The firm assign a price target of $60 to rep 29% upside potential from yesterday's closing price. The average Wall Street price target is $69.25. Shares of Vroom are up 7.69% in premarket action to $50.00.

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Vroom +8% after Goldman Sachs calls out upside