DA Davidson lowered the firm’s price target on RumbleON to $8 from $10 but keeps a Buy rating on the shares after its Q4 results. The stock is now more than ever a “show me story” following the recent appointment of a new CEO, and the quarter made some progress toward “resetting of the bar ” as the new management works to clean up some of the issues of the old team, the analyst tells investors in a research note.
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Read More on RMBL:
- RumbleON reports Q4 adjusted EBITDA $3.1M vs. $19.7M last year
- RumbleON unveils new three-year operating plan, Vision 2026
- RumbleON backs prior FY24 adjusted EBITDA view $80M -$90M
- RumbleON reports Q4adjusted EBITDA $3.1M vs. $19.7M last year
- RMBL Earnings Report this Week: Is It a Buy, Ahead of Earnings?
