Near Intelligence gains after brokerage Benchmark initiates coverage

Near Intelligence

07/07/2023 13:11

** Shares of data intelligence firm Near Intelligence
 NIR.O  up 10.9% at $1.32 premarket
    ** Brokerage Benchmark initiates coverage on stock with
"speculative buy" rating and $3 PT
    ** "While NIR's offerings are in 'test and learn' across
many enterprise budgets at present, we expect to see more case
studies proving upward spend trajectory from marquee clients
(NewsCorp, Ford, etc)" - Benchmark
    ** Up to last close, stock down ~88% this year

 (Reporting by Jaspreet Singh in Bengaluru)
 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))