StreetInsider.com: UPDATE: Maxim Group Starts Nxt-ID, Inc. ($NXTD) at Buy, Says "Positioned to Benefit From Changes in Payments Industry"
(Updated - April 20, 2017 7:42 AM EDT)
(updated to add analyst comment)
Maxim Group initiates coverage on Nxt-ID, Inc. (NASDAQ: NXTD) with a Buy rating and a price target of $4.25.
The analyst believes the company's Smartcard technology has been validated following a large purchase order from WorldVentures. Furthermore the analyst believes the company pipeline is solid and expects the acquisition of Fit Pay will enhance NXTD's expertise in secured payment tech as well as mobile payments for wearables.
For an analyst ratings summary and ratings history on Nxt-ID, Inc. click here. For more ratings news on Nxt-ID, Inc. click here.
Shares of Nxt-ID, Inc. closed at $1.58 yesterday.
Read in full at https://www.streetinsider.com/Analyst+Comments/UPDATE%3A+Maxim+Group+Starts+Nxt-ID%2C+Inc.+%28NXTD%29+at+Buy%2C+Says+%22Positioned+to+Benefit+From+Changes+in+Payments+Industry%22/12795072.html