Maxim Group analyst Allen Klee reiterated a Buy rating on Paltalk (PALT – Research Report) yesterday and set a price target of $5.00. The company’s shares closed yesterday at $1.73.
According to TipRanks, Klee is an analyst with an average return of -19.4% and a 24.15% success rate. Klee covers the Technology sector, focusing on stocks such as T Stamp, Inc. Class A, Auddia, and CareCloud.
Paltalk has an analyst consensus of Moderate Buy, with a price target consensus of $5.00.
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The company has a one-year high of $4.60 and a one-year low of $1.28. Currently, Paltalk has an average volume of 184.6K.
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PeerStream, Inc. engages in the development of communications software and solutions for video, voice & text applications and data transmission. It also develops proprietary PeerStream Protocol by using multi-layered encryption, blockchain technology to offer clients maximal data security and confidentiality over distributed or decentralized networks. Its products include Paltalk, Camfrog, Backchannel, FirstMet, 50more, Firetalk, Ribbit Live, The Grade, Tinychat, and Vumber. The company was founded by Clifford Lerner and Darrell Lerner on July 19, 2005 and is headquartered in New York, NY.
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