Ispire Technology initiated with a Buy at Roth MKM

Roth MKM initiated coverage of Ispire Technology with a Buy rating and $11 price target. Ispire is a leading innovator of vape consumption technology, developing vape brands and products to sell into two large growing markets of cannabis and tobacco, the analyst tells investors in a research note. The firm says that with an expanded U.S.-based sales force ahead of rescheduling and newly launched “disruptive” vape devices, the company can gain category market share to drive robust revenue growth.