Penny Stock Expected to Pop 75%

Identiv stock is beloved among Wall Street analysts

May 17, 2019 at 2:02 PM
facebook X logo linkedin


Shares of cybersecurity concern Identiv Inc (NASDAQ:INVE) are higher this afternoon, after analysts at Imperial Capital initiated coverage with an "outperform" endorsement. In addition, the brokerage firm set an $8.75 price target -- representing about 75% upside from Thursday's close of $4.98, and territory INVE hasn't charted in four years.

INVE stock skyrocketed to start the year, nearly doubling from its Dec. 26 low of $3.34 to its March high of $6.38. Since then, however, the equity has been relatively range-bound, trading between support at its 320-day moving average and resistance around $5.70. At last check, the equity was up 4.6% to trade at $5.21.

INVE stock chart may 17

However, Identiv is no stranger to upbeat analyst attention. In fact, all five of the brokerage firms following the shares already sport "strong buy" opinions. Plus, the consensus 12-month price target of $9 represents a premium of 73% to the equity's current perch.

Should the equity finally break out of its recent range, though, a short squeeze could add fuel to INVE's fire. Short interest represents nearly a week's worth of pent-up buying demand, at the stock's average pace of trading.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI