Posted On: 08/03/2015 10:15:37 AM
Post# of 593
Analyst Actions: MassRoots Initiated with Buy Rating at Chardan, PT Set at $2.50; Shares Flat in Pre Market
BY Midnight Trader
— 8:18 AM ET 08/03/2015
08:18 AM EDT, 08/03/2015 (MT Newswires) -- Coverage of MassRoots Inc. (MSRT) has been initiated by analysts at Chardan Capital Markets with a buy rating and a price target of $2.50 a share.
MassRoots ( MSRT ) operates the largest social network for the cannabis community with almost 500,000 users and is on track tohave one million users by early next year, according to Chardan.
"We think this will expand further as the company's focus on the 8 million daily cannabis users in the US expands to the 22 million monthly users and the 52 million who have used marijuana in the past year," said the firm in its report.
"The company's network provides valuable information on consumption patterns and product preferences. This information is now being monetized."
In Monday's pre-market session, shares of MasRoots were unchanged from their Friday closing price of $1.15, and have a 52-week trading range of $0.80 - $7.01.
BY Midnight Trader
— 8:18 AM ET 08/03/2015
08:18 AM EDT, 08/03/2015 (MT Newswires) -- Coverage of MassRoots Inc. (MSRT) has been initiated by analysts at Chardan Capital Markets with a buy rating and a price target of $2.50 a share.
MassRoots ( MSRT ) operates the largest social network for the cannabis community with almost 500,000 users and is on track tohave one million users by early next year, according to Chardan.
"We think this will expand further as the company's focus on the 8 million daily cannabis users in the US expands to the 22 million monthly users and the 52 million who have used marijuana in the past year," said the firm in its report.
"The company's network provides valuable information on consumption patterns and product preferences. This information is now being monetized."
In Monday's pre-market session, shares of MasRoots were unchanged from their Friday closing price of $1.15, and have a 52-week trading range of $0.80 - $7.01.
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