Craig-Hallum analyst George Sutton raised the firm’s price target on Liquidity Services (LQDT) to $37 from $28 and keeps a Buy rating on the shares. Liquidity reported a strong Q4 highlighted by broad GMV strength that included especially strong volume in the Reverse Supply Chain Solutions segment, the analyst tells investors in a research note. Although the very strong stock reaction has left Liquidity Services trading at a premium to comps, the firm sees several catalysts moving into FY25 as a good reason to remain constructive on the name.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LQDT:
- Liquidity Services Reports Strong Q4 Financial Results
- Liquidity Services price target raised to $35 from $27 at Barrington
- Morning Movers: Keros Therapeutics plummets after halting TROPOS trial dosing
- Options Volatility and Implied Earnings Moves Today, December 12, 2024
- Liquidity Services reports Q4 EPS 32c vs. 26c last year