As reported last night, Clear Street initiated coverage of Amber International (AMBR) with a Buy rating and $11 price target The stock in late morning trading is down 5% to $5.06. Clear Street believes Amber provides investors “scalable, fee-based exposure” to the adoption of institutional digital assets. The company has wealth management, execution, and payment solutions units which offer high margins, the analyst told investors in a research note. The firm views the shares as attractively valued at current levels.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMBR:
- Amber Road initiated with a Buy at Clear Street
- Amber International Appoints Lin Ma as New Director
- Amber International Completes $25.5M Private Placement to Boost Crypto Reserve
- Amber International Advances Crypto Strategy with $25.5 Million Investment
- Amber International Announces Board Changes with New Director Appointment