$3.50 p/t and very safe margin of safety buying up to $1.75 *Price Target* $3.50 + article says *very safe margin of safety buying up to $1.75* (almost 50% from current price) because of insider buying. "Wishpond’s board of directors recently announced a Normal Course Issuer Bid (NCIB) to purchase up to 5% of the outstanding shares of the company in the open market for cancellation because in their view the current price of shares does not fairly reflect the value of the business... the NCIB does offer some downside protection to investors. Given the fact that the company raised funds at $1.75/share, management is likely to repurchase shares for cancellation if the stock trades significantly belows $1.75... Overall, given Wishpond’s relative valuation, current growth rates, and the downside protection offered by the NCIB, the stock offers a good entry point at these levels."
https://www.cantechletter.com/2021/09/three-high-growth-canadian-tech-companies-benefiting-from-the-shift-to-online-by-smbs/