Enzo Villani, Executive Chairman and Chief Investment Officer of AlphaTON Capital
By Exec Edge Research Staff
AlphaTON Capital Corp. (ATON) has been assigned a $2 per share price target by broker H.C. Wainwright & Co., indicating a fivefold potential upside from current prices.
“[W]e think the extraordinary compilation of integrated technology importantly presents a substantial opportunity for an enterprise within the Telegram messaging network serving one billion, billion with a “b,” users,” H.C. Wainwright said in its initiation report. “Further, AlphaTON represents the unique public equity trading vehicle touching that expansive messaging network.”
In its valuation analysis, H.C. Wainwright said its calculation returns a $3 stock price, but it has discounted that by 33% as a conservative hedge against its inputs.
Exec Edge recently interviewed Yury Mitin, partner and Chief Business Development Officer of AlphaTON live from Nasdaq.
Exec Edge Research also recently initiated coverage of AlphaTON in December and readers can find the full report here.
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