Zacks Investment Research upgraded shares of Net Element Inc. (NETE) from N/A to OUTPERFORM on October 16, 2014, with a target price of $2.42.
Net Element is a financial technology company, which operates a small merchant processor in the US and a mobile payment processor in Russia that has restructured its operations and should be on the way to growth after divesting all its former entertainment business. Since its acquisition of Unified Payments in June 2013, its new CEO has focused the company on payments. This CEO took his former company from 0 to $67 million in two years in the same business and we believe he can be successful once again.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
To get a free copy of the research report on Net Element Inc. (NETE),
click here.
For more information about research offerings from Zacks Investment Research, visit
Zacks.com .
Be the first to comment