Citigroup Inc. Initiates Coverage on Gridsum Holding Inc – (GSUM)
Investment analysts at Citigroup Inc. initiated coverage on shares of Gridsum Holding Inc – (NASDAQ:GSUM) in a research note issued to investors on Tuesday. The firm set a “buy” rating and a $21.00 price target on the stock. Citigroup Inc.’s target price would suggest a potential upside of 27.89% from the stock’s current price.
Several other research analysts have also weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Gridsum Holding Inc – in a research note on Tuesday. They issued a “buy” rating and a $21.00 price objective on the stock. Goldman Sachs Group Inc. assumed coverage on shares of Gridsum Holding Inc – in a research note on Tuesday. They issued a “buy” rating and a $20.60 price objective on the stock.
Shares of Gridsum Holding Inc – (NASDAQ:GSUM) traded down 0.24% during trading on Tuesday, reaching $16.38. 59,447 shares of the company’s stock were exchanged. Gridsum Holding Inc – has a 52-week low of $15.25 and a 52-week high of $18.29. The firm’s market capitalization is $163.80 million. The company has a 50 day moving average of $16.82 and a 200 day moving average of $16.82.
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