RumbleON Inc (RMBL) Gets a Buy Rating from Roth Capital


Roth Capital analyst Darren Aftahi maintained a Buy rating on RumbleON Inc (RMBL) yesterday and set a price target of $10.50. The company’s shares opened today at $6.20.

According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 12.2% and a 53.6% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for RumbleON Inc with a $9.75 average price target, which is a 57.3% upside from current levels. In a report issued on March 15, B.Riley FBR also initiated coverage with a Buy rating on the stock with a $9 price target.

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The company has a one-year high of $10.98 and a one-year low of $3.60. Currently, RumbleON Inc has an average volume of 136.2K.

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RumbleON, Inc. operates a capital light disruptive e-commerce platform facilitating the ability of both consumers and dealers to buy-sell-trade-finance pre-owned vehicles in one online location. It focuses on the market for vin specific pre-owned vehicles with an initial emphasis on motorcycles and other powersports.

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