RCW – Morgans rates the stock as Downgrade to Hold
Morgans downgrades its rating for RightCrowd to Hold from Speculative Buy. The broker's target price tumbles to $0.12 from $0.26.
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Rightcrowd Limited
Founded in 2004, RightCrowd is a global provider of safety, security and compliance solutions that manages the access and presence of people. RightCrowd has offices in Seattle, New Jersey, Ghent, Hasselt, Santiago, Manila and the Gold Coast, Australia, with over 160 employees across a range of specialisations.
RightCrowd has spent over 16 years working with the best of the best in the physical security industry. We have successfully optimised business functions in major global organisations, including Fortune 50 and ASX 10 companies and across many industry verticals.
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RCW – Morgans rates the stock as Hold
Morgans retains its Hold rating and $0.39 target price after Rightcrowd's fourth quarter annual recurring revenue (ARR) doubled year-on-year.
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