An analyst at Ascendiant, Edward Woo, has revised the price target for Phunware (PHUN, Financial) shares, decreasing it slightly from $13 to $12. Despite this adjustment, Woo maintains a Buy rating for the company, highlighting positive prospects ahead.
Woo's decision follows Phunware's recent fourth-quarter financial report. He notes the company's strategic shift towards burgeoning sectors within artificial intelligence. This pivot is seen as a move with significant growth opportunities, potentially bolstering the company's future performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Phunware Inc (PHUN, Financial) is $6.31 with a high estimate of $12.00 and a low estimate of $3.00. The average target implies an upside of 148.52% from the current price of $2.54. More detailed estimate data can be found on the Phunware Inc (PHUN) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Phunware Inc's (PHUN, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Phunware Inc (PHUN, Financial) in one year is $1.66, suggesting a downside of 34.65% from the current price of $2.54. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Phunware Inc (PHUN) Summary page.
