KULR Technology Group, Inc. (KULR) saw its stock soar 19.71% in Thursday's intraday trading session, buoyed by positive analyst action and regaining compliance with a key listing requirement.
The rally was driven by Benchmark's decision to upgrade KULR from Speculative Buy to Buy, while significantly raising the price target from $1 to $5. This bullish move by the research firm reflects optimism around KULR's prospects and future growth potential.
Additionally, KULR announced that it has regained compliance with the New York Stock Exchange American's equity requirement for continued listing. This development removes a potential overhang on the stock and reinforces the company's financial standing.
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