Wishpond wins bullish new $3.00 target at Beacon Securities
Wishpond Technologies (Wishpond Technologies Stock Quote, Chart, News, Analysts: TSXV:WISH) has gone nowhere but up since its debut earlier this month but there should be more where that came, says Beacon Securities analyst Gabriel Leung, who likes the company’s new acquisition in the digital marketing services space. Leung delivered a corporate update to clients on Wednesday where he reasserted his “Buy” rating and raised his price target from $2.50 to $3.00, which at press time represented a projected one-year return of 81 per cent.
Read MoreWishpond to Acquire Invigo Media Corp. – a Profitable and Growing Marketing Technology and Services Company
Invigo acquisition is expected to add $2.7M in annual revenue at EBITDA margins exceeding 20%. Wishpond has entered into an arm’s length asset purchase agreement dated December 22, 2020 (the “Agreement”) with Invigo Media Corp. and its affiliates, EverGenius LLC, Invigo Media LLC (the “Invigo Group” or “Invigo”) and their sole shareholder and founder, Balhar (Bob) Singh Mangat, whereby Wishpond has indirectly agreed to acquire substantially all of the assets of the Invigo Group (the “Transaction”).
Read MoreBeacon Securities raises price target on Wishpond Technologies to $2.50
Vancouver-based e-commerce solutions company Wishpond Technologies (Wishpond Technologies Stock Quote, Chart, News TSXV:WISH) delivered a positive quarter, according to Beacon Securities analyst Gabriel Leung, who reviewed the results in an update to clients on Wednesday. Leung reiterated his “Buy” rating and lifted his target price from $2.25 to $2.50, saying the company is getting ready to finish the year off with a bang.
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New Listing: Wishpond Technologies (TSXV:WISH)
Based in Vancouver, British Columbia, Wishpond offers an “all-in-one” marketing suite that provides companies with more than 20 different lead generation tools integrated into a single platform for the price of a single subscription for a fraction of the cost.
Read MoreWishpond Reports Record Quarterly Revenue for Third Quarter 2020
“Third Quarter 2020 was another outstanding record quarter as the Company experienced significant revenue growth compared to the third quarter last year and we exceeded $8.3 million on an annualized revenue run-rate basis,” said Ali Tajskander, Wishpond’s Chairman and CEO. “
Read MoreWishpond Technologies is a buy, says Beacon Securities
An accelerated trend in e-commerce along with a fragmented competitive marketplace are key factors that SaaS-based platform Wishpond Technologies (Wishpond Technologies Stock Quote, Chart, News TSXV:WISH) currently has in its favour, says Beacon Securities analyst Gabriel Leung who launched coverage of the company and stock on Monday with a “Buy” rating and $2.25 target price.
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