D.A. Davidson analyst Tom Forte reiterated a Buy rating on Rumble (RUM – Research Report) today and set a price target of $6.00. The company’s shares closed last Friday at $5.06.
According to TipRanks, Forte is a 5-star analyst with an average return of 13.0% and a 52.44% success rate. Forte covers the Consumer Cyclical sector, focusing on stocks such as Amazon, Beyond Inc, and The Lovesac Company.
Rumble has an analyst consensus of Moderate Buy, with a price target consensus of $6.00.
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The company has a one-year high of $11.25 and a one-year low of $4.33. Currently, Rumble has an average volume of 1.3M.
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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.
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