Truist Securities Starts Olo Inc. (OLO) at Buy
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Street Starts Coverage of Olo (OLO) With Mostly Positive Ratings on Profitable Business Model
April 12, 2021 10:31 AM EDTNumerous Wall Street firms initiated coverage of recent IPO Olo (NYSE: OLO) Monday, with ratings mostly leaning positive. JPMorgan, Piper Sandler, RBC, Truist Securities, and William Blair are some houses that have started the coverage on the restaurant software company with a "Buy" or equivalent rating.
On the other hand, Stifel and Goldman Sachs started coverage with a "Neutral" or equivalent rating.
In March, shares of Olo soared almost 40% on the market debut as investors rushed to invest in a company that has exposure to both the tech sector and the growing... More
