Triumph Financial is a "new fintech leader in payments" that the market is underappreciating, according to Loop Capital. The firm initiated coverage of Triumph with a buy rating and a price target of $76 per share. That target implies upside of 17.5% from Tuesday's close.
TriumphPay connects brokers, factoring companies, and carriers in the trucking industry to facilitate payments. "By offering supply chain finance to brokers, it allows them to pay truckers faster. TriumphPay provides tools to increase automation, reduce fraud, and create back-office efficiency in a notoriously slow and labor-intensive process," Goetsch said. To be sure, Goetsch believes the company will not become profitable until 2024, as freight demand slows in 2023.
Promise?
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
PGA betting: 3 players to back in the Top 20 market in the Phoenix OpenIt's a huge week in sports. Not only is the Super Bowl on Sunday between the Kansas City Chiefs and the Philadelphia Eagles, but one of golf's most entertaining and fun tournaments starts Thursday, the Waste Management Phoenix Open.
Consulte Mais informação »
20 DeFi Projects, including Balancer, Aave, and MakerDAO, Lead The Charge for Decentralized Finance | HackerNoonDecentralized finance (DeFi) is a growing sector of the financial industry. DeFi operates on smart contracts and open-source code, making it more transparent. - blockchain crypto
Consulte Mais informação »