In a report released today, Darren Aftahi from Roth Capital maintained a Buy rating on Reebonz Holding Limited (RBZ), with a price target of $11. The company’s shares closed last Monday at $2.26, close to its 52-week low of $1.45.
Aftahi wrote:
“We believe RBZ remains a compelling risk/reward story when considering we believe shares may have been negatively impacted due to more systematic risk factors. With what has likely been ~ quarter of enhanced marketing spend from formerly depressed levels, we anticipate 2H19 and FY20 could see an uplift in key metrics, and flow through back to topline growth, leading to our favorable outlook when considering the stickiness we believe is inherent in RBZ platform.”
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 13.3% and a 47.4% 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 Reebonz Holding Limited with a $11 average price target.
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Based on Reebonz Holding Limited’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $90.56K. In comparison, last year the company had a GAAP net loss of $20.95 million.
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Reebonz Holding Ltd. engages in the provision of an online marketplace for buying and selling luxury products. It also curates and sells authentic new and pre-owned luxury goods, including handbags, small leather goods and other accessories, shoes, watches, and jewelry from several luxury brands.
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