Wedbush Sticks to Their Buy Rating for TMC the metals company Inc. (TMC)
In a report released today, Daniel Ives from Wedbush maintained a Buy rating on TMC the metals company Inc., with a price target of $8.00.
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Ives covers the Technology sector, focusing on stocks such as Apple, International Business Machines, and Palantir Technologies. According to TipRanks, Ives has an average return of 14.1% and a 53.94% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for TMC the metals company Inc. with a $10.67 average price target.
Based on TMC the metals company Inc.’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $40.4 million. In comparison, last year the company had a GAAP net loss of $16.06 million
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