Jefferies initiates coverage of cannabis market tech company SpringBig with a buy rating

Jefferies analyst Owen Bennett on Friday launched research coverage of cannabis marketing technology company SpringBig Holdings Inc. with a buy rating and a price target of $4.50 a share. Bennett said the Boca Raton, Fla.-based company offers"compelling" growth with fiscal 2022-25 sales expected to increase at an annual rate of about 55%, with a rise in gross margins to 76.8% in 2025 from 71.1% in 2021.

with a buy rating and a price target of $4.50 a share. Bennett said the Boca Raton, Fla.-based company offers"compelling" growth with fiscal 2022-25 sales expected to increase at an annual rate of about 55%, with a rise in gross margins to 76.8% in 2025 from 71.1% in 2021.

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