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Maxim Group Thinks Data Storage’s Stock is Going to Recover

In a report released yesterday, Matthew Galinko from Maxim Group maintained a Buy rating on Data Storage (DTSTResearch Report), with a price target of $8.00. The company’s shares closed last Friday at $3.29, close to its 52-week low of $2.66.

According to TipRanks.com, Galinko is a 3-star analyst with an average return of 4.4% and a 42.9% success rate. Galinko covers the Technology sector, focusing on stocks such as WISeKey International Holding, American Software, and Arbe Robotics.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Data Storage with a $8.00 average price target.

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Based on Data Storage’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.86 million and net profit of $135.6K. In comparison, last year the company earned revenue of $2.72 million and had a net profit of $46.22K.

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Data Storage Corp. provides disaster recovery solutions, infrastructure as a Service, IT Managed Services and Voice over Internet Protocol type solutions. Its services and solutions include data protection services; data center and security; voice and data solutions; and email archival solution. The company was founded by Charles M. Piluso on June 2001 and is headquartered in Melville, NY.

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