JonesTrading assumed coverage on shares of Inflection Point (NASDAQ:IPXG – Free Report) in a report issued on Thursday,Benzinga reports. The brokerage issued a buy rating and a $12.00 target price on the stock.
Inflection Point Stock Up 0.2%
NASDAQ IPXG opened at $10.07 on Thursday. Inflection Point has a fifty-two week low of $9.76 and a fifty-two week high of $10.22.
About Inflection Point
Inflection Point is a special purpose acquisition company (SPAC) listed on the Nasdaq under the symbol IPXG. The company was formed to identify and complete a business combination with an operating company.
Its potential transaction may take the form of a merger, share exchange, asset acquisition, share purchase, reorganization or similar combination. Unlike an operating company, Inflection Point does not currently offer products or services of its own and may have limited activities before completing a transaction.
The company’s business prospects, industry focus and geographic exposure will depend on the target business selected for its proposed combination.
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