Shift Technologies (SFT) Receives a Buy from BTIG

BTIG analyst Marvin Fong maintained a Buy rating on Shift Technologies (SFTResearch Report) today and set a price target of $15.00. The company’s shares closed last Monday at $7.87.

According to TipRanks.com, Fong is a 5-star analyst with an average return of 26.8% and a 61.8% success rate. Fong covers the Technology sector, focusing on stocks such as Wheels Up Experience, CarGurus, and Farfetch.

Currently, the analyst consensus on Shift Technologies is a Strong Buy with an average price target of $13.25, which is a 62.6% upside from current levels. In a report issued on September 10, Truist Financial also initiated coverage with a Buy rating on the stock with a $12.00 price target.

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The company has a one-year high of $13.39 and a one-year low of $6.17. Currently, Shift Technologies has an average volume of 1.46M.

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Insurance Acquisition Corp. is a blank check company, which engages in the provision of insurance or insurance related services, with emphasis on regulated insurance or reinsurance companies. The company was founded in March 2018 and is headquartered in Philadelphia, PA.