Lake Street Sticks to Their Buy Rating for Red Violet (RDVT)
In a report released today, Eric Martinuzzi from Lake Street maintained a Buy rating on Red Violet, with a price target of $62.00.
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According to TipRanks, Martinuzzi is a 4-star analyst with an average return of 8.5% and a 45.27% success rate. Martinuzzi covers the Technology sector, focusing on stocks such as Quantum, Ooma, and Cellebrite DI.
In addition to Lake Street, Red Violet also received a Buy from TipRanks – Google’s Google Software – Application in a report issued on February 4. However, on the same day, TipRanks – OpenAI downgraded Red Violet (NASDAQ: RDVT) to a Hold.
Based on Red Violet’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $23.08 million and a net profit of $4.21 million. In comparison, last year the company earned a revenue of $19.06 million and had a net profit of $1.72 million
