REE Automotive (REE) Upgraded to Buy: Here's What You Should Know

Core Viewpoint - REE Automotive Ltd. has received an upgrade to Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for REE Automotive indicates expected earnings of -$1.38 per share for the fiscal year ending December 2025, reflecting a year-over-year change of 68.7% [9]. - Over the past three months, the Zacks Consensus Estimate for REE Automotive has increased by 63.3%, showing a trend of rising earnings estimates [9]. Zacks Rating System - The Zacks rating system is based on changes in earnings estimates, which are crucial for determining stock price movements [2][3]. - The system classifies stocks into five groups, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [8]. - REE Automotive's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [11].