Roth Capital Starts AgriFORCE Growing Systems (AGRI) at Neutral

April 25, 2022 9:14 AM EDT
Get Alerts AGRI Hot Sheet
Price: $1.38 +2.99%

Rating Summary:
    2 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 2 | Down: 23 | New: 24
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Roth Capital analyst Brian White initiates coverage on AgriFORCE Growing Systems (NASDAQ: AGRI) with a Neutral rating and a price target of $5.00.

The analyst comments "We view AgTech consulting solutions as core to its ecosystem. We view the company’s pending AgTech consulting acquisition of Delphy as providing a central component in the development of an innovative AgTech ecosystem. This outsourced R&D model creates a central knowledge hub which becomes a testing ground for the latest and greatest technological advances in the industry. Young technologies with meaningful promise can be further advanced by this ecosystem and other partnership opportunities can be established. The company’s subsequently announced DeRoose plant tissue culture acquisition is an example of this type of synergy. The company has also developed its own proprietary high-tech greenhouse solution for high-value plants."

For an analyst ratings summary and ratings history on AgriFORCE Growing Systems click here. For more ratings news on AgriFORCE Growing Systems click here.

Shares of AgriFORCE Growing Systems closed at $2.23 yesterday.

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