Zevia PBC's (ZVIA) "Outperform" Rating Reiterated at Telsey Advisory Group
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Telsey Advisory Group has reiterated an "outperform" rating for Zevia PBC (NYSE:ZVIA) with a price target of $6.00, indicating a potential upside of 241.88% from its current price of $1.76. Other analysts have mixed ratings, with an average rating of "Hold" and a price target of $4.90. Zevia reported earnings of ($0.04) per share, exceeding estimates, and had revenue of $40.84 million. Institutional investors hold 53.21% of the stock, which produces zero-calorie beverages. The company went public in March 2021 after a merger with a SPAC.
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