In a report released today, Michael Grondahl from Northland Securities maintained a Buy rating on Shift Technologies (SFT), with a price target of $12.00. The company’s shares closed last Wednesday at $7.40, close to its 52-week low of $6.40.
According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 23.8% and a 56.1% success rate. Grondahl covers the Financial sector, focusing on stocks such as Altisource Portfolio Solutions SA, International Money Express, and WisdomTree Investments.
Shift Technologies has an analyst consensus of Strong Buy, with a price target consensus of $12.20, representing a 55.0% upside. In a report issued on May 4, BTIG also maintained a Buy rating on the stock with a $15.00 price target.
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Insurance Acquisition Corp. is a blank check company, which engages in the provision of insurance or insurance related services, with emphasis on regulated insurance or reinsurance companies. The company was founded in March 2018 and is headquartered in Philadelphia, PA.
