Was reading a recent analyst report about Verb tha
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Posted On: 08/25/2022 8:03:13 PM
Was reading a recent analyst report about Verb that came out this week.
A couple of key points. The first actually surprised me.
"We believe it has enough cash through 2023."
"We believe the ~billion dollars market potentials presents high rewards for the risks."
"We are maintaining our BUY rating, but lowering our 12-month price target to $4.25 from $4.50, 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."
$4.25 is a x8.5 bagger from here. That was before they knew the big brands signing up.
Oh and doesn't include the announcement coming in <=35 days.
Where to get the report? It says it's distributed electronically via the Thomson Reuters platforms, Bloomberg, Capital IQ and FactSet. Please contact your investment advisor or institutional salesperson for more information. Since it's not generally available for free, I won't post it here out of respect to the analyst.
A couple of key points. The first actually surprised me.
"We believe it has enough cash through 2023."
"We believe the ~billion dollars market potentials presents high rewards for the risks."
"We are maintaining our BUY rating, but lowering our 12-month price target to $4.25 from $4.50, 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."
$4.25 is a x8.5 bagger from here. That was before they knew the big brands signing up.
Oh and doesn't include the announcement coming in <=35 days.
Where to get the report? It says it's distributed electronically via the Thomson Reuters platforms, Bloomberg, Capital IQ and FactSet. Please contact your investment advisor or institutional salesperson for more information. Since it's not generally available for free, I won't post it here out of respect to the analyst.
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