Needham & Company LLC assumed coverage on shares of Phoenix Tree (NASDAQ:LIZI) in a research note released on Tuesday, BenzingaRatingsTable reports. The firm issued a buy rating and a $19.00 target price on the stock.
Shares of LIZI stock opened at $10.23 on Tuesday. Phoenix Tree has a twelve month low of $10.16 and a twelve month high of $15.25.
About Phoenix Tree
Lizhi Inc operates as an online UGC audio community in the People's Republic of China. It operates an interactive audio entertainment and online audio platform, as well as offers Lizhi app that allows users to record and share their voices on mobile devices. The company was founded in 2010 and is headquartered in Guangzhou, the People's Republic of China.
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