RTTNews | Jan 20, 2022 12:07PM EST

12:07 Thursday, January 20, 2022 (RTTNews.com) - Food-based ecommerce platform, Blue Apron Holdings, Inc. (APRN), saw its stock trade 19% higher on the Thursday market after the Citron, a market research firm called the stock "too cheap to ignore".

The firm has set a price target of $40 a share, a 400% rise over the present value. The firm also indicates that Peloton Interactive (PTON), the fitness equipment company, stands at the pole position to acquire the company to diversify its offering.

The stock is currently trading at $8.73, up $1.37 or 18.68% since the previous close at $7.36. The stock opened at $7.49 in the morning and in the 52-week period, the shares have ranged between $3.52 and $12.76 per share.

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