VRM - Vroom's price target gets lowered to current levels at Stifel

Stifel lowered its price target on Vroom (NASDAQ:VRM) to $1.50 from $2 while keeping the stock rating unchanged at Hold. Consumer internet companies need to exhibit discipline and balance growth versus profits with access to new capital "at a higher cost than arguably anytime in the past 20 years," the team at Stifel said. They believe the best performing stocks in Internet e-commerce in the current environment will be large blue chip companies without a need for external capital, a "small selection" of small-to-mid-sized companies with good growth and no need for external capital, and "eventually" small-to-mid sized companies that may be able to work through current capital constraints. In the Tuesday trading, the stock of Houston-based online auto retailer is down 11% to $1.44 erasing gains from its Monday's spiked volumes session. Seeking Alpha Quant Rating is Hold at Vroom while SA Authors give a Strong Buy and Wall Street analysts,

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Vroom's price target gets lowered to current levels at Stifel