H.C. Wainwright raised the firm’s price target on Versus Systems (VS) to $3 from $1.50 and keeps a Neutral rating on the shares. The company’s licensing agreement with Aspis Cyber Technologies is a positive step, but additional revenue is required to move he business toward profitability, the analyst tells investors in a research note.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VS:
- 3 Penny Stocks to Watch Now, 10/17/24
- Versus Systems enters funding, technology licensing agreement with Aspis
- Versus Systems Faces NASDAQ Compliance Challenge
- Versus Systems receives Nasdaq notification over holders’ equity deficiency
- Versus Systems price target lowered to $1.50 from $2 at H.C. Wainwright