NEW YORK, NY - October 8, 2018 (Investorideas.com Newswire) SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has issued an update note on Gopher Protocol Inc. (OTCQB: GOPH) with a Target Price of $4.84.
The report is available here: October 2018 Update Note.
We are updating coverage of on Gopher Protocol Inc. (OTCQB: GOPH). GOPH is a development stage technology company focused on creating native IoT and Artificial Intelligence-enabled mobile technology based on its proprietary platform, Gopher Insight™. The company's software and chip technology participates in three growing markets: Fintech / prepaid services, asset tracking, IoT, and global mesh networking. In the prepaid market, GOPH has established a network of approximately 9,400 convenience stores, which supported GOPH revenues of $13.5mn in 2Q18, and the company is actively seeking to expand business opportunities through this network. GOPH has launched its first IoT enabling technologies into tracking devices for pets (Guardian Orb). The company expects to launch its global mesh network platform in 2019, which leverages proprietary chip, AI and security technology to provide low-cost, secure private networks. We see GOPH as a speculative growth company targeting rapidly evolving opportunities in IoT/AI/Fintech markets. The company has begun to achieve scale with its prepaid distribution network, with potential upcoming catalysts including the commercialization of Gopher Insight™ technology in multiple markets and its announced intention to pursue a national listing.
We are updating our coverage on GOPH following recent results, corporate developments, and additional details on the company's plans to monetize its proprietary technology. Highlights are as follows:
Target of $4.84 for GOPH
We see GOPH as a speculative growth company targeting large opportunities in the technology sector. The company has established scale with its initial distribution network in approximately 9,400 US convenience stores touching a possible 9.4mn consumers per day and is in the beginning stages of monetizing its proprietary chip and wireless mesh technologies.
Please review important disclosures in the report and on our website at www.seethruequity.com.
About Gopher Protocol Inc.
Gopher Protocol Inc. (OTCQB: GOPH) ("Gopher") (http://gopherprotocol.com) is a development-stage company which considers itself Native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology. Gopher has a portfolio of Intellectual Property that when commercialized will include smart microchips, mobile application software and supporting cloud software. The system contemplates the creation of a global network. The core of the system will be its advanced microchip technology that can be installed in any mobile device worldwide. Gopher envisions this system as an internal, private network between all enabled mobile devices providing shared processing, advanced mobile database management/sharing and enhanced mobile features. http://gopherprotocol.com
Since its founding in 2011, SeeThruEquity has been committed to its core mission: providing impactful, high quality research on underfollowed smallcap and microcap equities. SeeThruEquity has pioneered an innovative approach to deliver equity research of microcap and smallcap companies. SeeThruEquity has also been the host of acclaimed investor conferences that are the ultimate event for publicly traded companies with market capitalizations less than $1 billion since 2012.
SeeThruEquity is approved to contribute its research reports and estimates to Thomson One Analytics (First Call), the leading estimates platform on Wall Street, as well as Capital IQ and FactSet. SeeThruEquity maintains one of the industry's most extensive databases of opt-in institutional and high net worth investors. The firm is headquartered in Midtown Manhattan in New York City.
For more information visit www.seethruequity.com.
Dr. Danny Rittman CTO
Gopher Protocol Inc.
SOURCE: Gopher Protocol Inc.
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