ARB IOT Group, trading under the ticker ARBB, has announced a significant business development through its subsidiary, ARB R1 Technology. The company has secured a lucrative contract worth around $53 million with Whizzl Group. This agreement involves providing advanced AI data center server solutions designed to support modern, data-intensive operations.
Under this contract, ARB IOT will supply their state-of-the-art ARB-222 AI servers. These servers are tailored to offer AI-driven solutions, reflecting a growing demand in the industry for sophisticated data management technologies. This partnership marks a pivotal step for ARB IOT in expanding its influence within the technology infrastructure sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for ARB IOT Group Ltd (ARBB, Financial) is $3.00 with a high estimate of $3.00 and a low estimate of $3.00. The average target implies an upside of 361.54% from the current price of $0.65. More detailed estimate data can be found on the ARB IOT Group Ltd (ARBB) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, ARB IOT Group Ltd's (ARBB, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
