Litchfield Hills analyst Theodore O’Neill initiated coverage of Algorhythm (RIME) with a Buy rating and $5 price target Algorhythm is transitioning from a legacy “slow growth” leading consumer electronics company to a “high growth” artificial intelligence logistics company, the analyst tells investors in a research note. The firm says the company is already well established in India where logistics costs are being directly addressed by an industry consortium powered by Algorhythm’s new business unit, SemiCab, which it acquired in the second half of 2024. Litchfield sees an attractive valuation at current share levels.
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