Maxim Group Reiterated a Buy Rating on Rumble Inc (RUM)

Rumble Inc. (NASDAQ:RUM) is one of the Best Stocks Under $10 With Biggest Upside PotentialOn June 16, Tom Forte from Maxim Group reiterated a Buy rating on Rumble Inc. (NASDAQ:RUM) with a price target of $20.

The analyst highlighted the recent hiring of Ben Torres Ezrick as Rumble’s first Chief Marketing Officer as a key strategic move. Ezrick’s experience with major tech platforms like Zoom and Google Maps is expected to boost the company’s brand, expand its audience, and enhance monetization.

Maxim Group Reiterated a Buy Rating on Rumble Inc (RUM)

A large flat-screen TV streaming video from a video hosting platform.

Forte also pointed to the upcoming launch of the Rumble Wallet, in partnership with Tether, which is expected to diversify Rumble Inc. (NASDAQ:RUM)’s offerings and strengthen its position in the crypto market. The company’s solid financial health, including a large cash reserve and no debt, supports these growth initiatives.

Rumble Inc. (NASDAQ:RUM) is a video sharing platform that allows users to watch, upload, and livestream videos through its flagship site, Rumble.com.

While we acknowledge the potential of RUM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RUM and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.