In a report released today, Tom Forte from D.A. Davidson reiterated a Buy rating on Rumble (RUM – Research Report), with a price target of $10.00. The company’s shares closed last Friday at $5.00.
Forte covers the Technology sector, focusing on stocks such as Amazon, Rumble, and Apple. According to TipRanks, Forte has an average return of 11.4% and a 50.61% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Rumble with a $10.00 average price target.
See today’s best-performing stocks on TipRanks >>
The company has a one-year high of $13.55 and a one-year low of $4.45. Currently, Rumble has an average volume of 1.35M.
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.
Rumble (RUM) Company Description:
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:
- UPDATE — Upcoming Christmas Comedy from Executive Producers Logan Sekulow and Sean Hannity to Premiere Exclusively on Rumble
- Upcoming Christmas Comedy from Executive Producers Logan Sekulow and Sean Hannity to Premiere Exclusively on Rumble
- Largest borrow rate increases among liquid names
- Rumble Announces Timing of Third Quarter 2023 Earnings Release and Conference Call
- Filmmaker and Author Dinesh D’Souza Will Release Exclusive Movie on Rumble and Locals
