Roth Capital analyst Darren Aftahi maintained a Buy rating on Remark Media Inc (MARK) today and set a price target of $7.50. The company’s shares closed on Friday at $1.05, close to its 52-week low of $0.81.
Aftahi wrote:
“We believe this could set the stage for a potential IPO going forward. Based on our current analysis, we believe MARK’s stake is worth ~$150-$175M, implying ~$3.65-$4.31/share, multiples of its current ~$43M value.”
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 15.7% and a 51.6% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.
Remark Media Inc has an analyst consensus of Moderate Buy, with a price target consensus of $7.50.
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The company has a one-year high of $4.63 and a one-year low of $0.81. Currently, Remark Media Inc has an average volume of 314.7K.
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Remark Holdings, Inc. focuses on the development and deployment of artificial-intelligence-based solutions for businesses and software developers in many industries. It owns and operates digital media properties that deliver content.
