Post by
DZtrader on Apr 22, 2021 12:32pm
Another buy rating issued
I noticed Stepen Boland of Raymond James issued a buy rating with a $58.00 price target, that along with my earlier post indicating a $60.00 price target from Robert Young of Canaccord Genuity is encouraging, not entirely sure it is going to do much for the stock at this time though. Looks as though we are sitting awaiting another take out target. As noted by another poster, they are sitting on a nice little war chest of cash available for this purpose but these things take time. Robert Young indicated they do have however a strong pipeline and a number of good prospective takeovers lined up. I will say, it is a hard stock to hold and watch the weakness take over and get knocked around on light volume. Patience should well be rewarded though.
Comment by
testomax on Apr 22, 2021 2:45pm
I think you are right....its gonna gyrate a bit until more targets are identified. Am using this pullback to accumulate myself...knowing that underwriters will refill the bank account for them at a higher price than the last round...they just need to spend some $$ to come back to the trough so hopefully that pipleline starts to bear fruit.