D.A. Davidson analyst Tom Forte reiterated a Buy rating on Rumble (RUM – Research Report) today and set a price target of $12.00. The company’s shares closed yesterday at $9.89.
Forte covers the Technology sector, focusing on stocks such as Roku, Rumble, and Pinterest. According to TipRanks, Forte has an average return of 12.3% and a 48.76% success rate on recommended stocks.
Currently, the analyst consensus on Rumble is a Moderate Buy with an average price target of $12.00.
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RUM market cap is currently $3.81B and has a P/E ratio of 29.56.
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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:
- Rumble Adds Mizkif to Growing Lineup of Gaming Creators
- Rumble Launches Alpha Release of Creator Sponsorship Marketplace
- CORRECTION: Rumble Acquires Podcasting and Live Streaming Platform Callin
- Rumble Acquires Podcasting and Live Streaming Platform CallIn
- Kai Cenat and IShowSpeed Announce Exclusive Streams with Rumble
