Wall Street is overwhelmingly bullish on SmileDirectClub even after it had the worst US IPO in 12 years. Here’s what analysts are saying.
Courtesy NasdaqThe SmileDirectClub team rings the opening bell at the Nasdaq on Thursday ahead of its first day of trading.On Monday, a slew of Wall Street analysts initiated coverage of SmileDirectClub with bullish “buy” ratings and high price targets. Shares gained on the news in early trading Monday, then lost as much as 5.71%. The coverage comes after a rough start to the company’s public trading in September and a report that came out Friday from short-seller Hindenburg Research. Here’s what Wall Street analysts are saying about the company. Watch SmileDirectClub trade live on Markets Insider.Wall Street analysts are bullish on SmileDirectClub, even after the company’s IPO in September was the worst debut in 12 years for a US firm.On Monday, ten firms initiated coverage with a “buy” or