Alliance Global Partners initiated research coverage on Momentus Inc. with a buy rating. The firm established a price target of $8.00 per share. This target represents a 64.6% upside from the previous closing price of $4.86.
The new coverage arrives amid a mixed analyst consensus of one buy and one sell rating. Momentus recently reported a quarterly loss of $0.70 per share. The company recorded quarterly revenues of $0.03 million.