TheStreet, Inc. (TST) Price Target Raised to $3.00 at Lake Street Capital
TheStreet, Inc. (NASDAQ:TST) had its price target raised by equities research analysts at Lake Street Capital from $2.00 to $3.00 in a research note issued to investors on Tuesday. The firm presently has a “buy” rating on the information services provider’s stock. Lake Street Capital’s target price indicates a potential upside of 140.00% from the company’s previous close.
A number of other research firms have also recently weighed in on TST. B. Riley set a $2.00 price objective on shares of TheStreet and gave the company a “buy” rating in a report on Monday. Zacks Investment Research cut shares of TheStreet from a “strong-buy” rating to a “hold” rating in a report on Friday, October 6th. Finally, ValuEngine raised shares of TheStreet from a “sell” rating to a “hold” rating in a report on Tuesday.
TheStreet (NASDAQ:TST) opened at $1.25 on Tuesday. TheStreet has a fifty-two week low of $0.61 and a fifty-two week high of $1.56.
An institutional investor recently bought a new position in TheStreet stock. Essex Investment Management Co. LLC purchased a new position in shares of TheStreet, Inc. (NASDAQ:TST) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 204,694 shares of the information services provider’s stock, valued at approximately $221,000. Essex Investment Management Co. LLC owned about 0.57% of TheStreet at the end of the most recent quarter. Institutional investors own 46.68% of the company’s stock.
TheStreet, Inc (TheStreet) is a digital financial media company focused on the financial, and mergers and acquisitions environment. The Company’s collection of digital services provides users, subscribers and advertisers with a range of content and tools through a range of online, social media, tablet and mobile channels.
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