By Davit Kerakossian
Today, several brokerages have launched coverage for four companies, including Restoration Hardware (NYSE:), Trupanion, Inc. (NASDAQ :), Dynatrace Inc. (NYSE:), and Bragg Gaming Group Inc (NASDAQ:). Below, we have provided details of each initiative:
William Blair resumed his coverage of recovery devices with a superior rating. While analysts have stated that the company has benefited from broader consumer trends over the past two years, they believe the company remains well positioned for long-term growth and margin expansion, despite some headwinds in the near term.
Jefferies began coverage on Trupanion, Inc. With a buy rating and a price target of $77.00, noting that it believes the company’s growth rate, defensive cost plus model, attractive unit economics, and a large TAM opportunity support the upside of the current price. Analysts expect insurance to play a major role in the more robust and humane pet health industry, and believe the company is well positioned for the multi-year pet health theme.
Assume Baird’s coverage of Dynatrace Inc. With an Outperform rating and a price target of $49.00, positive on increased platform opportunities and strong margins.
Roth Capital started covering Bragg Gaming Group Inc. With a buy rating and a target price of $9.00. Analysts believe the company now has the distribution needed to increase market share in regulated markets after recent merger and acquisition and licensing gains.