Stock analysts at JonesTrading assumed coverage on shares of Inflection Point (NASDAQ:IPXG – Get Free Report) in a research report issued to clients and investors on Thursday, Benzinga reports. The firm set a “buy” rating and a $12.00 price target on the stock. JonesTrading’s price target suggests a potential upside of 19.28% from the stock’s current price.
Inflection Point Price Performance
NASDAQ:IPXG opened at $10.06 on Thursday.
Inflection Point Company Profile
Inflection Point is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol IPXG. The company was formed to identify and complete a business combination with an operating company.
Its potential transaction may take the form of a merger, share exchange, asset acquisition, share purchase, reorganization or similar combination. Unlike an operating company, Inflection Point does not currently offer products or services of its own and may have limited activities before completing a transaction.
The company’s business prospects, industry focus and geographic exposure will depend on the target business selected for its proposed combination.
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