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VerticalScope Holdings Inc T.FORA

Alternate Symbol(s):  VFORF

VerticalScope Holdings Inc. is a technology company. The Company is engaged in building and operating a cloud-based digital platform for online communities. The Company helps people with common interests to connect, explore their passions and share knowledge about the things they love. The Company has built a portfolio of approximately 1,200 online communities and over 90 million monthly active users. It has communities of interests in automotive, outdoor, power sports, home, health and technology. It offers services, including influencers/enthusiasts, lifestyle videos, why-buy videos, list videos, written content and distribution. The Company also has a particular interest in purchasing online communities in various consumer categories. Its flagship Alloutdoor content site is home to passionate outdoor enthusiasts who share their experiences, discuss gear and research product purchases on everything from fishing, to hunting to camping and more.


TSX:FORA - Post by User

Post by retiredcfon Nov 14, 2024 7:40am
46 Views
Post# 36312219

Multiple Raised Targets

Multiple Raised TargetsNot sure what's going on at CIBC but as can be seen, he's way below Street consensus. GLTA

Canaccord Genuity’s Aravinda Galappatthige raised his Verticalscope Holdings Inc.  target to $17 from $14 with a “buy” rating. Other changes include: RBC’s Drew McReynolds to $16 from $15 with an “outperform” rating, National Bank’s Adam Shine to $13 from $11.50 with an “outperform” rating, TD Cowen’s Vince Valentini to $17 from $16 with a “buy” rating, and CIBC’s Todd Coupland to $10 from $9 with a “neutral” rating. The average is $14.72.

“Q3/24 financial results were slightly ahead of our forecast while MAUs were well ahead. Following upward revisions to our digital advertising and MAU estimates and incorporating slightly lower but still healthy 40-per-cent-plus EBITDA margins, our price target increases,” said Mr. McReynolds.



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