WiMi Announces Initiation of Coverage by Evaluate Research
16 March 2022 - 11:00PM
WiMi Hologram Cloud Inc. (NASDAQ: WIMI) (“WiMi” or the “Company”),
a leading global holographic AR application technology provider,
today announced that Evaluate Research has initiated research
coverage of WiMi with a "Buy" rating and price target of US$7.00
per share. The report was authored by Sandy Mehta and Ketan
Chaphalkar, analysts at Evaluate Research. The full report is
available at
https://evaluateresearch.com/wp-content/uploads/2022/03/WIMI-Hologram-Cloud-Inc.-Initiation-Report.pdf
Please note that any opinions, estimates, or forecasts regarding
the performance of WiMi and its management made by Evaluate
Research are theirs alone and do not represent the opinions,
estimates, or forecasts of WiMi or its management. WiMi does not by
this announcement or otherwise imply that the Company analyzes or
approves of such information, conclusions, or recommendations.
About WIMI Hologram Cloud
WiMi Hologram Cloud, Inc. (NASDAQ: WIMI), whose commercial
operations began in 2015, is a holographic cloud comprehensive
technical solution provider that focuses on professional areas
including holographic AR automotive HUD software, 3D holographic
pulse LiDAR, head-mounted light field holographic equipment,
holographic semiconductor, holographic cloud software, holographic
car navigation and others. Its services and holographic AR
technologies include holographic AR automotive application, 3D
holographic pulse LiDAR technology, holographic vision
semiconductor technology, holographic software development,
holographic AR advertising technology, holographic AR entertainment
technology, holographic ARSDK payment, interactive holographic
communication and other holographic AR technologies.
Safe Harbor Statement
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “future,”
“intends,” “plans,” “believes,” “estimates” and similar statements.
Statements that are not historical facts, including statements
about the Company’s beliefs and expectations, are forward-looking
statements. Among other things, the business outlook and quotations
from management in this press release, as well as the Company’s
strategic and operational plans, contain forward−looking
statements. The Company may also make written or oral
forward−looking statements in its periodic reports to the U.S.
Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K,
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Forward-looking statements
involve inherent risks and uncertainties. A number of factors could
cause actual results to differ materially from those contained in
any forward−looking statement, including but not limited to the
following: the Company’s goals and strategies; the Company’s future
business development, financial condition and results of
operations; the expected growth of the AR holographic industry; and
the Company’s expectations regarding demand for and market
acceptance of its products and services. Further information
regarding these and other risks is included in the Company’s annual
report on Form 20-F and current report on Form 6-K and other
documents filed with the SEC. All information provided in this
press release is as of the date of this press release, and the
Company does not undertake any obligation to update any
forward-looking statement, except as required under applicable
laws.
Contacts
WIMI Hologram Cloud Inc.Email: pr@wimiar.com
ICR, LLCRobin YangTel: +1 (646) 975-9495Email:
wimi@icrinc.com
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