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Posted On: 05/05/2024 7:57:13 PM
Post# of 32991
Verb Technology Company, Inc. Reports Q4 results. Verb Market livestream shopping making significant progress. Lowering P/T to $5.
Quote:https://ascendiant.com/research-reports/verb-q4-2023/
Positive high risks versus rewards: We believe the demand for its marketplace software and services will grow fueled by continued large growth in video e-commerce. We believe the ~billion dollars market potentials presents high rewards for the risks.
Valuation attractive: We are maintaining our BUY rating, but lowering our 12-
month price target to $5 from $6, based on a NPV analysis, representing
significant upside from the current share price. We believe this valuation
appropriately balances out the company’s high risks with its high growth
prospects and large upside opportunities.
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