In a report released today, Michael Latimore from Northland Securities initiated coverage with a Buy rating on DocGo (DCGO – Research Report) and a price target of $8.00. The company’s shares closed yesterday at $3.50.
Latimore covers the Technology sector, focusing on stocks such as Synchronoss Technologies, Rekor Systems, and Matterport. According to TipRanks, Latimore has an average return of 18.1% and a 50.31% success rate on recommended stocks.
DocGo has an analyst consensus of Strong Buy, with a price target consensus of $6.42, an 83.43% upside from current levels. In a report released today, Cantor Fitzgerald also maintained a Buy rating on the stock with a $5.00 price target.
DCGO market cap is currently $357.1M and has a P/E ratio of 53.93.
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DCGO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
DocGo (DCGO) Company Description:
Motion Acquisition Corp is a blank check company.
Read More on DCGO:
- DocGo price target lowered to $6.50 from $8 at Stifel
- DocGo price target lowered to $9 from $10 at Canaccord
- DocGo signs extension, starts transition of asylum seeker contract with NYC HPD
- DocGo contract transition could remove overhang, says Canaccord
- DocGo’s Subsidiary Renews NYC Asylum Seeker Support Contract
