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Analysts Remain Bullish On Gridsum Holding

Analysts Remain Bullish On Gridsum Holding
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Gridsum Holding Inc – ADR (NASDAQ: GSUM), a sophisticated data analysis software provider, is trading more than 15 percent from the IPO price consistently.

The China-based company came out with an IPO of 6.7 million shares at a price of $13.00 a share in September. The stock opened with a gain of 17 percent on September 23 and traded between $15.25 and $18.29 representing a gain between 17.3 percent and 26.3 percent.

Gridsum Holding has been reviewed by three brokerage houses and they all rated the stock a Buy, pointing out that the company is riding the wave of digital intelligence. The company is an early mover as far as big data analysis in China is concerned.

The current brokerages' price target suggests that the stock still offers about 20 percent upside potentials from the current levels.

Related Link: Gridsum Is The Early Mover In The Chinese Big Data Analytics

The following brokerages have rated Gridsum Holding a Buy:

  • Citigroup, with a price objective of $21.
  • Goldman Sachs Group, with a target price of $20.60.
  • Stifel Nicolaus, with a price tag of $21.

At last check, the stock was down 0.79 percent at $16.29.

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Latest Ratings for GSUM

Oct 2016Stifel NicolausInitiates Coverage OnBuy
Oct 2016CitigroupInitiates Coverage OnBuy
Oct 2016Goldman SachsInitiates Coverage OnBuy

View More Analyst Ratings for GSUM
View the Latest Analyst Ratings

Posted-In: Analyst Color Long Ideas Emerging Markets Price Target Initiation Markets Analyst Ratings Tech


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