Verb Tech jumps as Ascendiant initiates with 'buy' on strong growth prospect

Ton Strategy

29/06/2021 11:21

** Shares of Software as a Service firm  VERB.O  rise ~7%
premarket, set to open at three-week high of $1.41
    ** Ascendiant starts with "buy" on VERB's growth potential
for its SaaS enterprise platform for video e-commerce and
customer relationship management
    ** "We expect strong growth over the next year" - Ascendiant
    ** Brokerage assigns PT of $4, three times its last close;
median PT is $2.63 - Refinitiv data
    ** VERB down 20% YTD as of last close
    

 (Reporting by Susan Mathew)
 ((susan.mathew@thomsonreuters.com))