Roth Capital Starts Ideanomics Inc. (IDEX) at Buy, 'Portfolio Effect Lifts Traction in Commercial EVs'
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
Roth Capital analyst Craig Irwin initiates coverage on Ideanomics Inc. (NASDAQ: IDEX) with a Buy rating and a price target of $7.00.
The analyst comments "Initiating coverage on Ideanomics at Buy and a $7.00 PT. Ideanomics has united a strategic selection of 12 companies to target the emerging growth opportunities in commercial electric vehicles and fintech. We like the stock for the rapid success of IDEX's portfolio of commercial EV tech companies, as entrepreneur founders seem to benefit from collaborative resources and technology, also accelerating business development. Visible success at Tree Technologies and WAVE likely points to rising momentum across the group."
Shares of Ideanomics Inc. closed at $2.65 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: RBC Capital Starts Verrica Pharmaceuticals (VRCA) at Outperform
- UPDATE: New Fortress Energy (NFE) 3 Acquisitions Offer Tactical and Strategic Benefits, Morgan Stanley Resumes Coverage at Overweight
- LVMH Moet Hennessy Louis Vuitton SE (MC:FP) (LVMUY) PT Raised to EUR700 at Goldman Sachs
Create E-mail Alert Related CategoriesAnalyst Comments, Hot New Coverage, New Coverage
Related EntitiesRoth Capital
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!