IZEA Worldwide (IZEA) Stock Set To Extend Rally: What to Do Now?

A bullish report from an analyst can often come as a big boost for stock and that is what seems to have happened with the IZEA Worldwide Inc (NASDAQ: IZEA) stock.

IZEA Worldwide (IZEA) Stock Set To Extend Rally: What to Do Now?

The IZEA stock soared by as high as 4% yesterday after Ladenburg set the price target at $4.5 a share. The rally in the stock continued during pre-market trading this morning and it has already managed to clock gains of 7.50% so far. In this situation, it might be worthwhile for investors to consider tracking the stock today.

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Jon Hickman, who is an analyst at Ladenburg upgraded the stock to neutral from sell. The analyst stated that the company’s earnings in the fourth quarter of 2020 had surpassed expectations. In addition to that, he also pointed out that the managed services bookings had gone up by as cosmic as 130% year on year in the first quarter. Considering the rising demand for influencer marketing and rising bookings, Hickman also revised his revenue estimate for 2021.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life