By Davit Kirakosyan
Today, several brokerages initiated coverage on four companies, including Restoration Hardware (NYSE:), Trupanion, Inc. (NASDAQ:), Dynatrace Inc. (NYSE:), and Bragg Gaming Group Inc (NASDAQ:). Below, we provided the details for each initiation:
William Blair resumed coverage on Restoration Hardware with an Outperform rating. While the analysts mentioned that the company benefited from broader consumer trends over the prior two years, they believe the company remains well positioned for long-term top-line growth and margin expansion, despite some near-term headwinds.
Jefferies initiated coverage on Trupanion, Inc. with a Buy rating and a price target of $77.00, noting it believes the company’s growth rate, defensive cost-plus model, attractive unit economics, and large TAM opportunity support upside to the current price. The analysts expect insurance to play a key role in a more robust & humanized pet health industry and believe the company is well-positioned for the multi-year pet health theme.
Baird assumed coverage on Dynatrace Inc. with an Outperform rating and a price target of $49.00, noting it is positive on the growing platform opportunities and solid margins.
Roth Capital initiated coverage on Bragg Gaming Group Inc. with a Buy rating and a price target of $9.00. The analysts believe the company now has the distribution needed for ramping market share in regulated markets after recent M&A and licensing gains.