Why Nautilus's Shares Popped 14.7% on Wednesday
Shares of exercise-equipment company Nautilus (NYSE: NLS) jumped as much as 14.7% in trading Wednesday after getting a positive report from an analyst. Shares ended the day strong as well, closing up 11.9% for the day.
Analyst Sharon Zackfia at William Blair initiated coverage on Nautilus with an outperform rating on positive profit potential. She thinks the company could increase revenue to $600 million by 2025 and generate earnings before interest, taxes, depreciation, and amortization (EBITDA) of over $90 million. For perspective, the company has generated $374 million in revenue and a negative $1.6 million in EBITDA over the past year.
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Source Fool.com
