Oppenheimer bullish on Freightos, initiates with an Outperform

As previously reported, Oppenheimer initiated coverage of Freightos with an Outperform rating and $5 price target. Freightos is a vendor-agnostic digital marketplace for international freight booking. The firm believes the company is positioned to benefit from the freight industry’s transition toward digitization, given its size and standing in the industry relative to other digital freight booking platforms. Freightos also has an opportunity to capitalize on the freight industry’s lack of transparent pricing/data through its Solutions segment, where it sells data and software services to industry participants, Oppenheimer says.