UPDATE: Cantor Fitzgerald Initiates Metromile Inc. (MILE) at Overweight

May 3, 2021 4:06 PM EDT
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Price: $6.94 -3.21%

Rating Summary:
    2 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 26 | Down: 9 | New: 37
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(Updated - May 4, 2021 6:35 AM EDT)

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."

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

Shares of Metromile Inc. closed at $9.31 yesterday.

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