William Blair Initiates Coverage On Latch With Outperform Rating

William Blair analyst Stephen Sheldon initiated coverage of Latch Inc (NASDAQ:LTCH) with an Outperform rating and no price target.
Sheldon's research note stated that rental property owners see both revenue and cost benefits by adopting Latch's solutions.
He assumes higher product expansion raising Latch's unit monetization and establishing it as a better-integrated provider.
The maker of full-building enterprise software-as-a-service (SaaS) platform LatchOS went public in June via a special purpose acquisition (SPAC) merger with andTS Innovation Acquisitions Corp.
Price action: LTCH shares traded lower by 0.66% at $12.10 in the market session on the last check Friday.

Benzinga