Revere Securities Initiates Coverage on Volta Inc. with a "Buy" Opinion Rating and Target of $11

Rhea-AI Summary

Revere Securities LLC has initiated coverage on Volta Inc. (NYSE: VLTA) with a Buy rating and a target price of $11. The firm highlights Volta's unique business model in the electric vehicle (EV) charging station sector and identifies significant growth opportunities and anticipated incentives as key investment drivers. The report emphasizes that these factors create a compelling case for investors to consider purchasing shares of Volta Inc.

Positive

• Initiation of coverage by Revere Securities with a 'Buy' rating.
• Target price set at $11, indicating potential upside.
• Unique business model focused on EV charging stations.
• Significant growth opportunities in the EV sector.

Negative

• None.

NEW YORK, Feb. 17, 2022 /PRNewswire/ -- Revere Securities LLC. Initiated fundamental research coverage today on Volta Inc. (NYSE: VLTA), with a "Buy" opinion rating and a target price of $11. Volta is an international company that is building charging stations for electric vehicles (EV), and is headquartered in San Francisco, CA.

"We believe that the relatively unique business model, combined with the growth opportunities and anticipated incentives provide a compelling argument for investors to purchase shares of this growth company," according to Scott Fullman, Chief Strategies at Revere Securities.

A copy of the report can be found at www.reveresecurities.com/research/volta

About Revere Securities

Revere Securities is a global broker-dealer firm providing strategic and financial support to institutional investors, hedge funds, and individual investors. The firm's professionals are involved in all components of the sales and trading process and include extensive compliance and operational personnel. In addition, Revere Securities LLC provides differentiated corporate access, helping institutional clients gain access to management as a component of their investment process. The firm has industry focused sales specialists who possess "buy-side" experience; therefore, providing a sound, alternate perspective, to the investment process.

Member FINRA, SIPC, MSRB

Media Contact:
Jay Yu
Revere Securities LLC
(212) 688-2350
jyu@reveresecurities.com

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SOURCE Revere Securities LLC

FAQ

What is Revere Securities' target price for Volta Inc. (VLTA)?

Revere Securities has set a target price of $11 for Volta Inc. (VLTA).

What rating did Revere Securities give to Volta Inc. (VLTA)?

Revere Securities assigned a 'Buy' rating to Volta Inc. (VLTA).

What business does Volta Inc. (VLTA) operate in?

Volta Inc. (VLTA) operates in the electric vehicle (EV) charging station sector.

When did Revere Securities initiate coverage on Volta Inc. (VLTA)?

Revere Securities initiated coverage on Volta Inc. (VLTA) on February 17, 2022.