B. Riley raised the firm’s price target on Envela (ELA) to $10 from $9 and keeps a Buy rating on the shares following the Q1 report. The firm continues to believe that the company has” considerable potential to scale” through acquisitions and believes the acquisition of Avail in 2021 has prepared Envela to complete larger acquisitions.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ELA: