VerticalScope (TSE:FORA) PT Raised to C$11.00 at Canaccord Genuity Group

VerticalScope (TSE:FORA – Get Rating) had its target price raised by stock analysts at Canaccord Genuity Group from C$10.00 to C$11.00 in a research note issued on Thursday, BayStreet.CA reports. Canaccord Genuity Group’s price objective suggests a potential upside of 59.88% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on FORA. Raymond James decreased their target price on VerticalScope from C$16.00 to C$10.50 and set an “outperform” rating for the company in a research note on Thursday, February 2nd. TD Securities cut VerticalScope from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$13.00 to C$10.00 in a research note on Monday, January 23rd. Royal Bank of Canada decreased their target price on VerticalScope from C$24.00 to C$17.00 and set an “outperform” rating for the company in a research note on Thursday, November 10th. National Bankshares decreased their target price on VerticalScope from C$11.00 to C$10.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Eight Capital decreased their target price on VerticalScope from C$20.00 to C$13.50 in a research note on Thursday, November 10th.

VerticalScope Stock Performance

TSE FORA opened at C$6.88 on Thursday. The company has a market cap of C$126.25 million and a P/E ratio of -3.10. The company has a debt-to-equity ratio of 77.81, a current ratio of 0.84 and a quick ratio of 0.79. The stock has a 50-day moving average of C$7.52 and a two-hundred day moving average of C$7.73. VerticalScope has a 1-year low of C$4.01 and a 1-year high of C$22.90.

VerticalScope Company Profile

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VerticalScope Holdings Inc, a technology company, operates a cloud-based digital community platform in Canada. It provides digital advertising services, including direct advertising campaigns, custom content solutions, and programmatic advertising; and e-commerce solutions. The company also focus on hyper-specific subjects that engender strong affinity from online communities of enthusiasts, super fans, experts, pros, hobbyists, and armchair analysts.