Canaccord analyst Maria Ripps raised the firm’s price target on Rover Group to $8 from $7 and keeps a Buy rating on the shares. The firm said they reported strong Q2 results, with active users, GBV, revenue, and adjusted EBITDA all coming in ahead of expectations.
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Read More on ROVR:
- Rover Group (NASDAQ: ROVR) Soars after Breaking Even in Q2, Raises Outlook
- Rover Group price target raised to $7 from $6 at JMP Securities
- Rover Group sees FY23 revenue $222M-$227M, consensus $215.05M
- Rover Group sees Q3 revenue $61M-$63M, consensus $59.89M
- Rover Group reports Q2 EPS 0c, consensus (1c)