Name of opportunity: 👀
Verra Mobility Corp
Deal struck 🤝
Verra Mobility Corp has seen a price surge in the past day, as the stock price has gone up by 11.49%. This spike in price might be because the company has recently announced a partnership with New York City's Department of Transportation (DOT) to manage the city’s network of automated traffic enforcement camera programs.
Verra Mobility is a growth stock that is currently showing strong revenue and cash flow, which indicates healthy financial performance. The average analyst recommendation for this stock is a ‘buy’.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Verra Mobility Corp might increase from $22.51 to $27.00 in the next 12 months. If you invested $1000, you might profit $199.47.
Managing the extensive network of camera programs for the DOT is an excellent win for Verra Mobility, as the five year contract allows the company the opportunity to manage large scale camera systems. This contract may have boosted investor confidence in Verra Mobility, which might have impacted the stock price.
This deal also showcases Verra Mobility’s commitment to public safety, as the company will be managing speed, bus lane, and red-light enforcement cameras. The DOT also has cameras to enforce weight limits on Brooklyn-Queens Expressway, which enhances traffic safety and keeps road users safe.
Leading smart mobility corporation 📹
Verra Mobility provides smart mobility technology solutions and road safety solutions to enhance transportation safety. The company is headquartered in Mesa, Arizona, United States.
Which neme?: 🔍
‘Top Gainers Today’, ‘Stocks On The Move’
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