TSX:FORA - Post Discussion
Post by
retiredcf on Nov 14, 2024 7:40am
Multiple Raised Targets
Not 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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