Globe says Wishpond Tech said to be “growing rapidly”
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Wishpond Technologies Ltd (C:WISH)
Shares Issued 51,091,384
Last Close 3/22/2021 $1.78
Monday March 22 2021 – In the News
The Globe and Mail reports in its Saturday, March 20, edition that Paradigm Capital analyst Daniel Rosenberg commenced coverage of Wishpond Technologies with a “buy” rating and $2.60 share target. The Globe’s David Leeder writes that analysts on average target the shares at $3.50. Mr. Rosenberg says in a note: “Wishpond is a SaaS provider of marketing technology. The company supports small business owners who may not have the knowledge, resources or time to run a marketing program. Wishpond’s ability to deliver value to an under-served segment of businesses has led to strong growth and retention numbers. The company is growing rapidly at 30 per cent per year with industry-leading retention. Notable to us is that Wishpond provides this functionality and a full-service offering without compromising profitability. We see a meaningful opportunity for Wishpond to exploit this gap in the market as smaller businesses do not have a holistic solution available at a very attractive price point.”
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