WiMi Hologram Cloud rises as Benchmark starts coverage with 'buy'

WiMi Hologram Cloud

30/12/2020 12:27

** U.S-listed shares of Chinese augmented reality tech firm
 WIMI.O  rise 6.1% to $6.05 before the bell
    ** Benchmark starts coverage of WIMI with "buy" rating,
saying co is poised to grab a share of China's booming
artificial intelligence market 
    ** Brokerage sets PT of $8, implying upside of 40% to
stock's last close
    ** "In the near term, we believe co is well positioned to
benefit from the fast growing AR (augmented reality) advertising
market with healthy revenue growth and margin trends" -
Benchmark
    ** Stock has gained ~4% since its NASDAQ debut in April, as
of last close  

 (Reporting by Eva Mathews in Bengaluru)
 ((eva.mathews@thomsonreuters.com))