Maxim Group analyst Tom Forte reiterated a Buy rating on Rumble yesterday and set a price target of $20.00.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Tom Forte has given his Buy rating due to a combination of factors that highlight Rumble’s unique position in the digital content landscape. The recent acknowledgment by Alphabet, regarding systematic content suppression on YouTube, underscores Rumble’s value proposition as a neutral and trusted platform. This development may encourage content creators to consider Rumble as a viable alternative, given its commitment to free speech and resistance to external pressures.
Rumble’s proactive legal actions against government overreach and its challenges to Google’s practices further emphasize its dedication to maintaining a platform that prioritizes user and creator interests. Despite trading at a higher EV/revenue multiple compared to peers, Forte reiterates the Buy rating with a $20 price target, reflecting confidence in Rumble’s long-term growth potential and its differentiated market position.