Litchfield Hills analyst Theodore O’Neill initiated coverage of Globavend (GVH) with a Buy rating and 40c price target The firm says Globavend is an e-commerce logistics provider, offering logistics solutions in Hong Kong, Australia, and New Zealand. It believes the company has a 1% to 5% share of the e-commerce shipping market in its service territory, which leaves “substantial growth opportunities” in a fragmented market.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GVH: