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William Blair Initiates Coverage On Latch With Outperform Rating

William Blair analyst Stephen Sheldon initiated coverage of Latch Inc (NASDAQ:LTCH) with an Outperform rating and no price target. Sheldon’s research note…
byAnusuya Lahiri
July 9, 2021
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  • William Blair analyst Stephen Sheldon initiated coverage of Latch Inc (NASDAQ:LTCH) with an Outperform rating and no price target.
  • Sheldon’s research note stated that rental property owners see both revenue and cost benefits by adopting Latch’s solutions.
  • He assumes higher product expansion raising Latch’s unit monetization and establishing it as a better-integrated provider.
  • The maker of full-building enterprise software-as-a-service (SaaS) platform LatchOS went public in June via a special purpose acquisition (SPAC) merger with andTS Innovation Acquisitions Corp.
  • Price action: LTCH shares traded lower by 0.66% at $12.10 in the market session on the last check Friday.
 
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