1847 Goedeker (NYSE American: GOED) Breaks Out on Buy Recommendation from TippingPointStocks.com
Jan. 28, 2021 | RedChip Companies
1847 Goedeker (NYSE American: GOED), a fast-growing online appliance retailer that IPO’d in July 2020, rose more than 50% over the last week after TippingPointStocks.com (TPS) issued a buy recommendation on the stock last Friday.
In its buy recommendation, TPS cites the company’s pending merger with Appliances Connection, which is expected to create the leading online appliance retailer, generating $550 million in sales annually in 2021. GOED is targeting $1 billion in revenue longer-term in a market that is currently at $18 billion and on its way to $25 billion over the next few years.
TPS is projecting a price target of $18 post-merger, with the potential to reach $30 based on reaching 50% of the current average EV/sales multiple of its comps.
Learn more at GOEDinfo.com.
Paul Kuntz
Communications Director
RedChip Companies
412-708-4590
