Why Casper Sleep's Stock Is Surging Higher Today

Casper Sleep Inc. CSPR shares are trading higher after Wedbush upgraded the stock from Neutral to Outperform and raised its price target from $10 to $10.50 per share.

Casper Sleep is a provider of sleep products to consumers through various sales channels. The company operates in one segment within the United States, Canada and Europe. It distributes products through an e-commerce platform, plus more than fifty Casper retail stores.

Casper Sleep's stock is trading approximately 26% higher on Monday at the time of publication. The stock has a 52-week high of $10.97 and a 52-week low of $5.53.

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