UPDATE: Baird Starts Enjoy Technology Inc. (ENJY) at Neutral

October 28, 2021 4:35 AM EDT
Get Alerts ENJY Hot Sheet
Price: $4.86 +3.85%

Rating Summary:
    1 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 12 | New: 31
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(Updated - October 28, 2021 6:22 AM EDT)

Baird analyst William Power initiates coverage on Enjoy Technology Inc. (NASDAQ: ENJY) with a Neutral rating and a price target of $11.00.

The analyst comments "Positive on market position and strong growth opportunity. Enjoy is pioneering the mobile store, with a focus on extending e-commerce from "to the door" to "through the door" to drive greater customer satisfaction and sales opportunities. With key strategic initial partnerships, leading technology and a strong management team, we forecast rapid revenue growth over the next several years. However, while positive on the long-term growth opportunity and strong market position, we fear the current Apple supply constraints could pose a risk to near-term guidance and estimates, driving our Neutral rating."

For an analyst ratings summary and ratings history on Enjoy Technology Inc. click here. For more ratings news on Enjoy Technology Inc. click here.

Shares of Enjoy Technology Inc. closed at $10.65 yesterday.

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