Bending Spoons initiated with an In Line at Evercore ISI

Evercore ISI initiated coverage of Bending Spoons (BSP) with an In Line rating and $36 price target The firm views the company as “one of the few scaled public-market vehicles for underwriting digital M&A compounding.” The stock is an investment investment in Bending Spoons’ ability to convert a large target universe into high-margin, cash-generative assets at attractive returns, the analyst tells investors in a research note. Evercore believes the stock will remain range bound until acquisitions start to narrow the gap between the company’s current and out-year estimates,

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