Maxim Group Keeps Their Buy Rating on Iveda Solutions (IVDA)

Maxim Group analyst Allen Klee reiterated a Buy rating on Iveda Solutions (IVDAResearch Report) yesterday and set a price target of $4.00. The company’s shares opened today at $1.36.

Klee covers the Technology sector, focusing on stocks such as Marpai, Biotricity, and Iveda Solutions. According to TipRanks, Klee has an average return of -23.4% and a 20.70% success rate on recommended stocks.

Currently, the analyst consensus on Iveda Solutions is a Moderate Buy with an average price target of $4.00.

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IVDA market cap is currently $15.15M and has a P/E ratio of -1.58.

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Iveda Solutions, Inc. enables cloud video surveillance via its Sentir data and video management platform, utilizing proprietary video streaming and big data storage technology. It provides services for telecommunications companies, datacenter operators, ISPs, and cable companies. The company was founded by David Ly in 2003 and is headquartered in Mesa, AZ.

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