Why Blue Apron Holding Inc. Stock Popped Today
Shares of Blue Apron Holding Inc. (NYSE: APRN) were gaining today after Guggenheim Securities initiated coverage on the meal-kit provider with a "buy" rating and a price target of $9.
Analyst Matt DiFrisco cited strong leadership at the company and noted that Blue Apron is the leader in an industry he projects will grow by 25% a year over the next three years. As a result of the bullish prediction, the stock finished up 6.5%.
Image source: Blue Apron.
Source: Fool.com
