In a report released yesterday, Zachary Fadem from Wells Fargo maintained a Buy rating on Shift Technologies (SFT), with a price target of $12.00. The company’s shares closed last Monday at $7.68, close to its 52-week low of $6.40.
According to TipRanks.com, Fadem is a 5-star analyst with an average return of 26.8% and a 72.3% success rate. Fadem covers the Consumer Goods sector, focusing on stocks such as National Vision Holdings, Floor & Decor Holdings, and Michaels Companies.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Shift Technologies with a $15.00 average 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.
