WEJO - Wejo is called a major player in connected car tech by Wedbush Securities

Wejo Group Limited (NASDAQ:WEJO) trades higher after Wedbush Securities starts off coverage with an Outperform rating on its view the stock is a data analytics play on the auto industry. Wejo is seen being in a unique position to be able to unlock a massive total addressable market as it becomes a major player in the connected vehicle data market in both the consumer and commercial segments. Analyst Dan Ives: "The company is an industry leader in the connected vehicle insight market with strong backing by key strategic investors including GM, Microsoft, and Palantir in helping OEMs gain valuable access to its fleet. With current connected vehicles numbers globally being at 225 million today with the expectation to grow to 600 million by 2030, we believe the company is well-positioned to benefit from the new generation of electric vehicles. CEO & Founder Richard Barlow has laid a strong foundation to

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Wejo is called a major player in connected car tech by Wedbush Securities