D.A. Davidson analyst Tom Forte reiterated a Buy rating on Rumble (RUM – Research Report) today and set a price target of $15.00. The company’s shares closed last Friday at $9.48.
According to TipRanks, Forte is a 5-star analyst with an average return of 13.2% and a 50.21% success rate. Forte covers the Consumer Goods sector, focusing on stocks such as Roku, Overstock, and CarParts.com Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rumble with a $15.00 average price target.
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Based on Rumble’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $28.4 million and a GAAP net loss of $18.21 million. In comparison, last year the company had a GAAP net loss of $17.4 million
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Rumble operates as a video platform. It focuses on two core businesses, including Video, its social video platform, and Cloud, its Infrastructure as a Service (IaaS) venture. Rumble is a free-to-use video-sharing platform. The company also owns a subscription and in-house advertising platform.
Read More on RUM:
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