H.C. Wainwright Thinks Top Image Systems’ Stock is Going to Recover


H.C. Wainwright analyst Kevin Dede assigned a Buy rating to Top Image Systems (NASDAQ: TISA) today and set a price target of $3. The company’s shares closed yesterday at $1.06, close to its 52-week low of $0.95.

According to TipRanks.com, Dede has currently no stars on a ranking scale of 0-5 stars, with an average return of -12.1% and a 32.4% success rate. Dede covers the Consumer Goods sector, focusing on stocks such as Microvision, SuperCom, and Resonant.

Top Image Systems has an analyst consensus of Moderate Buy, with a price target consensus of $3.

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Based on Top Image Systems’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $1.52 million. In comparison, last year the company had a GAAP net loss of $1.77 million.

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Top Image Systems Ltd. engages in the provision of enterprise content management solutions. It offers technology to automatically transform any information into electronic data.

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