Millennials and others are big fans of this news and information company. BuzzFeed Inc. (NASDAQ: BZFD), a tech-powered media company, provides breaking news, original reporting, entertainment and videos across the social web to its global audience.
The company also provides cross-platform networks, such as BuzzFeed Originals, which creates articles, lists, quizzes and videos; BuzzFeed Media, a portfolio of identity-driven lifestyle brands that includes Nifty, Goodful, As/Is, and Tasty; BuzzFeed Studios, which produces original content across broadcast, cable, film and digital platforms; BuzzFeed News, which includes reporting and investigative journalism; and BuzzFeed Commerce, which develops social commerce products and experiences, licensing and other strategic partnerships.
Craig Hallum’s price target is $7.50, while the consensus target was last seen at $7.25. The shares closed trading on Friday at $4.44, up almost 10% on the day.
This stock has been cut in half since early November, and it appears to have stabilized enough to jump in. Grab Holdings Ltd. (NASDAQ: GRAB) operates a transportation and fintech platform in Southeast Asia. It offers a range of services, including mobility, food, package and grocery delivery services, as well as mobile payments and financial services.
Anthony Tan, Group CEO and co-founder, said this after the company’s successful conversion from SPAC status:
Our evolution into a superapp was guided by the everyday problems we wanted to solve for the people we care about, and accelerated by the growing appetite for digital services in a rapidly transforming landscape. From on-demand mobility and deliveries to digital financial services, enterprise services and more, we believe we are only scratching the surface of the opportunity ahead of us. While there’s no doubt this is an exciting moment, we’re grounded in the knowledge that this is just day one. Our calling remains the same – to unlock greater opportunity for all Southeast Asians to participate in the digital economy.
Loop Capital recently started coverage. Its $8 price target is more conservative than the $8.76 consensus target. Grab stock closed trading on Friday at $5.60 a share.
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