On June 4, 2025, Litchfield Hills announced the initiation of coverage on Algorhythm Holdings (RIME, Financial) with a "Buy" rating. This marks a significant development for RIME as the company gains attention from a reputable analyst.
The coverage was initiated by analyst Theodore O'Neill, who set a price target of $5.00 USD for RIME. This is the first price target set for Algorhythm Holdings by Litchfield Hills, highlighting the analyst's optimistic outlook on the stock's potential performance.
Algorhythm Holdings (RIME, Financial) remains on the NASDAQ exchange, and with this new coverage, investors may pay closer attention to potential growth opportunities presented by the company. The initiation of a "Buy" rating suggests confidence in RIME's future market position.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for Algorhythm Holdings Inc (RIME, Financial) is $4.00 with a high estimate of $4.00 and a low estimate of $4.00. The average target implies an upside of 21.58% from the current price of $3.29. More detailed estimate data can be found on the Algorhythm Holdings Inc (RIME) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Algorhythm Holdings Inc's (RIME, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Algorhythm Holdings Inc (RIME, Financial) in one year is $30.03, suggesting a upside of 812.77% from the current price of $3.29. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Algorhythm Holdings Inc (RIME) Summary page.
