Canaccord raised the firm’s price target on Rover Group to $9 from $8 and keeps a Buy rating on the shares. The firm said Rover Group shares have steadily moved higher throughout 2023, reflecting ongoing execution across strategic initiatives that have resulted in solid growth and operating leverage, and they continue to see strong potential for further upward estimate revisions as the macro backdrop normalizes and as international markets mature.
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Read More on ROVR:
- Rover to Participate at D.A. Davidson Technology Summit
- Rover Group price target raised to $8 from $7 at JMP Securities
- Rover Group raises FY23 revenue view to $230M-$232M from $222M-$227M
- Rover Group sees Q4 revenue $64M-$66M, consensus $63.11M
- Rover Reports Third Quarter 2023 Financial Results
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