Presto Automation Stock Skyrockets, Analyst Finds Drive-Thru AI Ramp-Up Looks Enticing
Portfolio Pulse from Lekha Gupta
Chardan Capital analyst Brian Dobson upgraded Presto Automation Inc (NASDAQ:PRST) to Buy from Neutral with a price target of $5, up from $4.25. The upgrade is due to the company's focus on its drive-thru AI business segment, including a recent deal with CKE Restaurants. PRST shares are trading higher by 20.2% at $3.27.
June 01, 2023 | 5:54 pm
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Presto Automation's stock price is up 20.2% after Chardan Capital upgraded the company to Buy from Neutral with a price target of $5, citing its focus on drive-thru AI business and a recent deal with CKE Restaurants.
The upgrade from Chardan Capital is based on Presto Automation's focus on its drive-thru AI business segment and the recent deal with CKE Restaurants. This shows strong potential for growth and increased revenue, which is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100