Beacon Securities' researchers anticipate $JK.v will grow JustKitchen ( $JK.V ) got a BUY trading recommendation from the Canadian research team of Beacon Securities
They also estimate that $JK stocks will be worth 3$ (currently they are trading at $1.22)
The researchers state this is because of how the pandemic has changed global eating habits
For several decades before the pandemic, families spending about 25% of their family's food budget on meals made outside the home but today that percentage has doubled to 50%
Of that 50%, much is being spent on take-out delivery rather than dining-in
With consumers wanting takeout rather than dine-in, JustKitchen's ghost-kitchen-no-restaurant model is an efficient way to give consumers what they want while eliminating overhead costs.
Considering how much consumers have loved other food delivery services, it follows that JustKitche's expansion into the United States should be very successful
You can read more on this research here: https://www.entrepreneur.com/article/371575