Why Freightos Is Poised To Lead The Digital Revolution In The Freight Industry: Analyst
Portfolio Pulse from Lekha Gupta
Oppenheimer analysts initiated coverage on Freightos Ltd (NASDAQ:CRGO) with an Outperform rating and a price target of $5. They believe the company is well-positioned to benefit from the freight industry's transition towards digitization. The analysts also noted that Freightos' current cash position of $61 million is sufficient to fund the business through break-even. CRGO shares are trading higher by 4.8% at $2.83.
September 06, 2023 | 6:23 pm
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Oppenheimer analysts initiated coverage on Freightos Ltd (CRGO) with an Outperform rating and a $5 price target. They believe the company is well-positioned to benefit from the freight industry's digitization.
The positive rating from Oppenheimer analysts, along with the company's strong cash position and potential in the digitizing freight industry, are likely to have a positive impact on CRGO's stock price in the short term.
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