Freedom Capital Markets Starts Inuvo (INUV) at Buy (midday)

Freedom Capital Markets analyst Almas Almaganbetov initiates coverage on Inuvo (NYSE: INUV) with a Buy rating and a price target of $6.00.

The analyst comments "We initiate coverage of Inuvo, Inc. (INUV) with a Buy rating and a 12-month target price of $6, implying significant upside from current levels. Inuvo represents a compelling, undervalued “pure-play” on the structural convergence of Artificial Intelligence and privacy-first advertising. As the digital advertising industry continues to face signal loss and increasing restrictions on third-party cookies across browsers, accelerated by the enactment of privacy legislation in roughly twenty U.S. states and platform shifts by Apple and Google, Inuvo’s proprietary IntentKey technology provides a proven, scalable solution that targets consumer intent (“why” they buy) rather than identity (“who” they are). We view Inuvo as a beneficiary of these secular tailwinds, transitioning from a micro-cap concept stock into a profitable, scalable technology platform."

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

Shares of Inuvo closed at $1.98 yesterday.

You May Also Be Interested In

• Stripe, Advent In Talks To Buy Paypal - WSJ
• Full Circle Lithium closes $5.14M private placement
• Critical One Energy closes second tranche of flow-through placement