B. Riley analyst Eric Wold lowered the firm’s price target on RumbleON to $15 from $26 and keeps a Buy rating on the shares following the Q4 results. The firm applauds management for baselining AEBITDA guidance with visible growth opportunities now excluded, the analyst tells investors in a research note.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on RMBL:
- RumbleOn Soars Even as Q4 Results Miss Estimates
- RumbleON reports Q4 EPS (68c), consensus (14c)
- RumbleON largest stockholders to nominate five candidates for board
- Down More Than 50%: These 2 ‘Strong Buy’ Stocks Still Look Cheap Despite This Year’s Rally
- RumbleON promotes Blake Lawson to Chief Financial Officer