The Globe and Mail reports in its Friday, March 14, edition that National Bank Financial analyst Adam Shine, in response to Verticalscope Holdings' quarterly earnings beat, increased his share target to $15 from $13 with an unchanged "outperform" recommendation. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $16.13. Mr. Shine says in a note: "MAU [monthly active users] expected to grow double-digits organically in 2025 after an initial flat Q1, with improvements in DAU [daily active users]. Management continues to see promise in its mobile app, but is particularly excited about using AI to translate its content and expand internationally. We will continue to monitor macro conditions and any Google search engine changes (impact in Q4/24 and Q1/25). Verticalscope Holdings now sits with a better cost structure and balance sheet." The Globe reported on Feb. 1, 2023, that Mr. Shine rated Verticalscope "outperform." It was then worth $8.46. The Globe reported on Jan. 30, 2025, that RBC rated Verticalscope "outperform" when it was worth $12.05. The Globe reported on Feb. 11, 2025, that CIBC rated Verticalscope "outperformer." It was then worth $13.62.
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