R.F. Lafferty Starts NextNav (NN) at Buy

R.F. Lafferty analyst Jamie Perez initiates coverage on NextNav (NASDAQ: NN) with a Buy rating and a price target of $16.00.

The analyst commented, "NextNav is developing the next generation of positioning, navigation, and timing (PNT) solutions. Specifically, the company offers 3D location services that measure latitude, longitude, and vertical height or X-Y-Z axis. The standard GPS system measures latitude and longitude."

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

Shares of NextNav closed at $8.83 yesterday.

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