(Needed to Update One of the Links in the Press Release)
BALTIMORE, MD / ACCESSWIRE / October 27, 2020 / Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has issued a research update on Findit, Inc. (OTCPINK:FDIT) in which it has raised its price target. Findit is a full-service social networking management platform and online marketing service. To view the new research update, along with disclosures and disclaimers, or to download it in its entirety, please visit https://www.goldmanresearch.com/202010271292/Opportunity-Research/raising-price-target-on-findit.html
Findit.com is a highly successful social media and networking content management platform. The Company's scalable, solution-based disruptive platform offers users innovation that dramatically improves social media awareness and marketing outcomes as compared with the standard-bearers. Findit's approach exposes the flaws inherent in the models of the leading players and enables SMBs and individuals to post and share content across 80 social platforms and get indexed by top search engines Google, Yahoo! and Bing. Thus, users' web presences are enhanced due to improved search and social media indexing. Plus, the unique leverage of the platform can take users' presence to an unmatched level in rankings and reach.
In the Opportunity Research update, analyst Rob Goldman discusses why he raised his price target and that Goldman Small Cap Research has elected to become a member and client of the Company, given Findit's effective and attractive features and offerings.
Goldman noted, "Recent events have prompted us to raise our target by roughly 20% as the Company is gaining strong business traction ahead of our forecasts. Moreover, we believe elements of its model are set to attract a steady stream of new users fed up with current social media censorship, translating into new business and an expanded reach. Findit is gaining strong traction with new and existing customers who see the benefits of the Company's innovative approach. In fact, we have begun procuring keywords and plan to become an active member and client. In our view, with new video and other features in the offing, it is like Facebook 10 years ago but with a better mousetrap and improved post sharing and indexing capabilities."
"One of the main issues infuriating social media users is content censorship or the use of algorithms that place other posts ahead of your own or other posts in which you have a strong interest. This is a high profile and pervasive problem. Since one of the hallmarks of Findit is that it does not censor posts, we believe a major user signup expansion is set to occur, generating new revenue," continued Goldman.
"Since our initiation a month ago, the stock hit a new 52-week high (before dropping off), average volume has doubled and the stock trades above its 50 and 200-day moving averages. Clearly, the Findit story resonates with investors and members/clients alike and new traction/features could take the stock to new heights," concluded Goldman.
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Founded in 2009 by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and microcap stock research reports, articles, stock market blogs, and popular investment newsletters.
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This press release contains excerpts of our most recently published company report on Findit, Inc. The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research relied solely upon information derived from Findit, Inc. ("the Company"). The information includes authorized press releases or legal disclosures made in their filings with the U.S. Securities and Exchange Commission http://www.sec.gov.
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CONTACT:
Goldman Small Cap Research
Rob Goldman, Analyst
410-609-7100
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SOURCE: Goldman Small Cap Research