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| MSRT is on Fire New Price Target Issued with New Coverage |
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 Hot Stock to Watch |
Company: MassRoots, Inc. (OTCQB: MSRT)
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Last:
Price: 0.92
Change (%): + 0.06 (6.98)
Volume: 584,032 |
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SeeThruEquity Initiates Coverage on MassRoots, Inc. (OTCQB: MSRT) with a Price Target of $2.40
NEW YORK, NY / ACCESSWIRE / October 24, 2016 / SeeThruEquity, the leading independent equity research firm focused on smallcap and microcap public companies, today announced it has initiated coverage on MassRoots, Inc. (OTCQB: MSRT), Inc. with a 12 month price target of $2.40.
The report is available here: MSRT Initiation Report.
We initiate coverage on MassRoots, Inc. (OTCQB: MSRT), “MassRoots”) with a price target of $2.40. Based in Denver, Colorado, MassRoots operates a leading technology platform for the legal cannabis community. MassRoots is a platform designed for engaged users, which offers value for businesses, consumers, and activists, with a goal of becoming a destination for quality consumer information on the increasingly diverse and varied number of legal cannabis products, dispensaries and legalization updates.
MassRoots fast-growing technology platform is available via the internet and consumer-facing mobile app. The company has leveraged community-generated content and industry affiliations including ArcView Group and the National Cannabis Industry Association to accumulate more than 900,000 users and emerge as one of the fastest growing technology platforms in the 7 billion dollars regulated cannabis industry. We see several catalysts ahead for MassRoots over the next several quarters, both from internally driven actions, such as the company’s expanded digital advertising initiatives, as well as industry factors, which should affect all cannabis market participants, such as pro-cannabis initiatives in several state ballots in the 2016 election cycle. Indeed, during this election cycle nine states with over 30% of the nation’s population will be voting on the sale of cannabis for recreational or medicinal use.
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