Clear Street analyst Brian Dobson raised the firm’s price target on RedCloud (RCT) to $7 from $6 and keeps a Buy rating on the shares. The firm believes RedCloud is undervalued and poised for a re-rating due to rapid operating leverage and its disruptive AI platform. The current share price ignores the value of the company’s unique data assets and its clear path to high-margin revenue from the new Turkey license and Saudi JV, the analyst tells investors in a research note.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RCT: