StreetInsider.com:
UPDATE: Maxim Group Starts Nxt-ID, Inc. ($NXTD) at Buy, Says "Positioned
to Benefit From Changes in Payments Industry"
(Updated -
April 20, 2017 7:42 AM EDT)
(updated
to add analyst comment)
Maxim Group initiates coverage on Nxt-ID, Inc.
(NASDAQ: NXTD) with a
Buy rating and a price target of $4.25.
The
analyst believes the company's Smartcard technology has been validated
following a large purchase order from WorldVentures. Furthermore the analyst
believes the company pipeline is solid and expects the acquisition of Fit Pay will enhance NXTD's
expertise in secured payment tech as well as mobile payments for wearables.
For
an analyst ratings summary and ratings history on Nxt-ID, Inc. click here. For
more ratings news on Nxt-ID, Inc. click
here.
Shares
of Nxt-ID, Inc. closed at $1.58 yesterday.
Source:
StreetInsider.com
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