Today’s Research Reports on Stocks to Watch: Square and ADOMANI
NEW YORK, NY / ACCESSWIRE / July 20, 2018 / Square and ADOMANI saw gains yesterday despite ADOMANI not having any catalyst except news earlier in the week. Square however was upgraded by Credit Suisse from "neutral" to "outperform" and received a price target increase as well that helped shares pop to a brand new high.
RDI Initiates Coverage on:
Square, Inc.
https://www.rdinvesting.com/report/?ticker=SQ
ADOMANI, Inc.
https://www.rdinvesting.com/report/?ticker=ADOM
Square, Inc. shares closed up almost 3% yesterday and hit a brand new high of $71.32 during intra-day trading. The digital payment processor saw the gains after being upgraded by Credit Suisse. The firm has upgraded the stock to "outperform." Previously the firm had a "neutral" rating on shares. The firm also upped its price target from $44 to $81. That's a 19% premium compared to where the stock closed on Wednesday. Analyst Paul Condra wrote to clients, "SQ's evolution from a payment company to a differentiated consumer and merchant services platform increases our conviction that the company can extend its business well beyond micro-merchants to include SMB and middle-market companies." He also wrote, "We view the core payment opportunity as very large. We believe crypto currencies are not going away and expect that over time they are likely to find more applicable use cases. While this is a small opportunity currently, we view SQ as among a handful of companies - and the only public one - at the forefront of shaping the evolution of this industry."
Access RDI's Square, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=SQ
ADOMANI, Inc. shares closed up 20.62% on high volume on Thursday. The stock traded nearly 13.7 million shares compared to an average trading volume of just around 1.7 million shares. There was no big news from the company yesterday but it was earlier in the week that the provider of advanced zero-emission and hybrid vehicle drivetrain solutions and purpose-built electric vehicles, announced the conclusion of its participation in a second round of Ride-and-Drive events throughout California for the Blue Bird All American RE Type D Electric school bus Powered by ADOMANI®. The company's Vice President of Sales and Marketing, John Roselli, commented, "School transportation officials seemed to be quite excited about the electric school buses showcased at the events. We anticipate that available funding for electric vehicles, and electric school buses in particular, in California, combined with this round of 16 Ride-and-Drive events, will generate additional orders for Blue Bird's Type C and Type D Electric school buses in California, and we expect that ADOMANI® will supply the drivetrains."
Access RDI's ADOMANI, Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=ADOM
Our Actionable Research on Square, Inc. (NYSE: SQ) and ADOMANI, Inc. (ADOM) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
