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Fly News Breaks for October 22, 2018
GSVC
Oct 22, 2018 | 07:23 EDT
BTIG analyst Mark Palmer initiated GSV Capital with a Buy rating and a price target of $11.50. The analyst cites its discount valuation given its stock price trading at a 67% of net asset value as well as his view of an improving IPO market, which he cites as having been a catalyst for GSV Capital stock price. Palmer further points to expected benefits coming from the anticipated IPOs of its portfolio companies Palantir and Lyft.
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