Ascendiant Capital Starts Banzai International (BNZI) at Buy

Ascendiant Capital analyst Edward Woo initiates coverage on Banzai International (NASDAQ: BNZI) with a Buy rating and a price target of $3.00.

The analyst comments "Current valuation attractive: We calculate a 12-month price target for shares of Banzai to be $3.00 based on a NPV analysis, representing significant upside from the current share price. We believe this valuation appropriately balances out the company’s high risks with its high growth prospects and large upside opportunities."

For an analyst ratings summary and ratings history on Banzai International click here. For more ratings news on Banzai International click here.

Shares of Banzai International closed at $0.51 yesterday.

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