New York Fund sets $2.56 price target

I received a broker report from KPG New York at 2:30AM this morning with a price target of $1.813 USD (or $2.56 AUD) on TNY.

"The leader in U.S. social media and social networking service company, Facebook, has never seen its clear leadership challenged, and its lead in profitability has been only widening over time. We believe an Interactive Media & Services marketplace with a family and parent focus will share a similar path, with TNY enjoying unchallenged leadership and disproportionate scale benefits."

"Even if we limit Tinybeans’ target market to the United States only, we see the ability for Tinybeans to reach at least 40 million users within the next ten years."

"On average, TNY gains one new member every 30 seconds. The statistics shows that Tinybeans is on a clear path to achieve its’ ambitions and become the market leader."