Ascendiant initiated coverage of Vision Marine Technologies with a Buy rating and $4.50 price target. The analyst says the company is a pure play on the electrification in boating. Demand for high-performance electric outboard motors should power significant sales growth and catalyze a stock price re-rating, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on VMAR:
- Vision Marine Technologies files to sell 745,740 common shares for holders
- Vision Marine Technologies announces delivery of e-motion electric powertrain
- Vision Marine Technologies Announces Landmark Delivery of E-Motion™ Electric Powertrain to Groupe Beneteau Four Winns
- Vision Marine, Groupe Beneteau to spotlight H2e at IBEX 2023
- Vision Marine Technologies & Groupe Beneteau to Spotlight the Revolutionary H2e at IBEX 2023
