- EF Hutton analyst Ben Piggott had a chance to catch up with The Glimpse Group, Inc (NASDAQ:VRAR) management following its recent announcement of two significant acquisitions: Brightline and PulpoAR.
- Piggott continues to believe that the company is doing an excellent job of methodically building its platform without making a disproportionate bet on any technology while maintaining a conservative balance sheet.
- Piggott adjusted estimates to incorporate these transactions and slightly reduced the price target to $12 from $14 to consider the broader multiple compression across the technology industry.
- Price Action: VRAR shares traded lower by 7.75% at $3.57 on the last check Monday.
