After Citigroup and Guggenheim gave BTRS Holdings (NASDAQ: BTRS) a Buy rating last month, the company received another Buy, this time from Needham. Analyst Mayank Tandon initiated coverage with a Buy rating on BTRS Holdings today and set a price target of $20.00. The company’s shares closed last Tuesday at $15.48.
According to TipRanks.com, Tandon is a top 100 analyst with an average return of 23.9% and a 67.1% success rate. Tandon covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Duck Creek Technologies, and Bottomline Technologies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for BTRS Holdings with a $21.25 average price target, representing a 43.1% upside. In a report issued on March 1, Citigroup also initiated coverage with a Buy rating on the stock with a $20.00 price target.
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South Mountain Merger Corp is a blank check company. It is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
