UPDATE: Cantor Fitzgerald Initiates Metromile Inc. (MILE) at Overweight
Cantor Fitzgerald analyst Josh Siegler initiates coverage on Metromile Inc. (NASDAQ: MILE) with a Overweight rating and a price target of $13.00.
The analyst comments "We believe that current levels provide a compelling opportunity to buy stock in a company with a differentiated product and strong top-line growth potential, while adequately reflecting the risk associated with the company’s expansion into new states. Metromile is a technology company that provides per-mile auto insurance directly to consumers."
Shares of Metromile Inc. closed at $9.31 yesterday.
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