Analysts have a "strong buy" rating on this AI-backed ecommerce company

Dear Reader,

Government-mandated shutdowns are forcing consumers to rely on e-commerce now more than ever. From Amazon and Walmart to mom-and-pop entrepreneurs, the lockdowns have helped digital businesses largely thrive compared to their brick-and-mortar counterparts.

According to recent reading of IBM's U.S. Retail Index, "the pandemic has accelerated the shift away from physical stores to digital shopping by roughly five years."

This COMPANY was born for the digital-first era. Combining traditional consumer packaged goods (CPG) with a proprietary artificial intelligence platform, this company symbolizes the future of CPG.

Recently, the COMPANY announced its first major acquisition of a leading e-commerce brand within the health and wellness industry. The brand to be acquired has generated revenues of $14 million and operating income of $6.5 million, through the trailing twelve months ending July 31, 2020. The COMPANY is paying $16.4 million for the acquisition, which effectively means the COMPANY is acquiring this health and wellness business at a 2.5x multiple.

As a result of the acquisition and ability for the COMPANY to replicate similar strategy with other takeover opportunities, Wall Street analysts issued new reports featuring price target increases across the board. CLICK HERE to learn more about this COMPANY, the current analyst ratings, and the future of CPG.

Regards,

Spotlight Growth

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