Roth MKM analyst Sean McGowan initiated coverage of Splash Beverage with a Buy rating and $3 price target. Splash’s portfolio of brands currently includes tequila, wine and sports drinks, but its growth will come from internal expansion and potential acquisitions, the analyst tells investors in a research note. The firm expects the company’s revenue to grow nearly 60% in the coming years, and for it achieve positive EBITDA by 2025.
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