After-Market Analysis: VITL Rebound to the Upside??VITL - Vital Farms is positioned in a very strong support level, looking for an entry between $31.40 and its current price ($35.40 as of this MyMI Trade Analysis). Looking for resistance around the $41.54 Price Level, so a potential exit there before seeing a continuation to that $44.54 Price Target over the next 2-3 months placing our Stop Loss around $32.04 if this trade fades out on us before we see that same move higher, just at a later date.
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VITL
VITL IPO grows, analysts like what they seeVital Farms Inc, is another stock to watch that may benefit further from Covid 19. As the stock has surged 14%, Stifel began coverage on the stock with a $43 target price, stating: "COVID-related demand has benefited the egg and dairy categories and Vital Farms as well resulting in a surge in sales over the past five months,"
I would expect to see this one at least hit the target price, but as it is an IPO, expect high volatility - meaning it could swing from its all-time-high to its all-time-low within a day. Otherwise, I like this stock so far, and will continue watching it.