Wedbush analyst Scott Devitt has revised the price target for Rumble (RUM, Financial), lowering it from $10 to $8, while maintaining a Neutral rating on the stock. This adjustment is part of a broader Q1 preview for the internet sector by the firm. The analyst highlights the significant uncertainty clouding the economy due to ongoing macroeconomic concerns, possible tariff implications, and dwindling consumer confidence both domestically and internationally.
In anticipation of the Q1 financial results, Wedbush has generally reduced its 2025 estimates and price targets across the board. The firm attributes these changes to limited visibility into the current economic landscape and the potential outcomes of a softer demand environment. They are eager to hear insights from company managements in the upcoming weeks to achieve clearer perspectives in what they describe as a "dense fog" of economic uncertainty.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Rumble Inc (RUM, Financial) is $14.00 with a high estimate of $20.00 and a low estimate of $8.00. The average target implies an upside of 88.93% from the current price of $7.41. More detailed estimate data can be found on the Rumble Inc (RUM) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Rumble Inc's (RUM, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
