Here's Why CuriosityStream Stock Popped Today
Shares of streaming service CuriosityStream (NASDAQ: CURI) popped 9% Friday as of noon EDT after a Wall Street analyst published a bullish opinion on the company. Even with today's pop, shareholders are still down 47% from 52-week highs.
According to The Fly, an analyst with J.P. Morgan initiated coverage on CuriosityStream stock with a price target of $15 per share. This is significant for two reasons. First, this price target implies 36% upside from where the stock was trading at the time. But second (and perhaps a bigger reason the stock popped today) this analyst initiated coverage, potentially causing CuriosityStream stock to cross investors' radars for the first time. This brings new money into the stock, causing shares to rise.
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Source Fool.com
