Vivent Smart Home (VVNT) PT Raised to 'Street High' $30 at JPMorgan

August 13, 2020 9:19 AM EDT
Get Alerts VVNT Hot Sheet
Price: $12.35 -2.68%

Rating Summary:
    4 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 25 | Down: 37 | New: 115
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JPMorgan analyst Paul Coster raised the price target on Vivent Smart Home (NYSE: VVNT) to a 'Street High' $30.00 while maintaining an Overweight rating.

The analyst commented, "Following our fireside chat with the VVNT CEO (link), we are raising our Price Target for VVNT to a Street-high $30.00, and in doing so we are arguing for a positive re-rating of this somewhat undiscovered growth-stock. We believe growth momentum, revenue visibility, expanding margins, improved cash flow, and optionality warrant a close look at this leader in smart home solutions by tech investors, by GARP investors, and a re-rating could be spurred on by branding events and improved stock liquidity."

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