Key Takeaways:
- SurgePays (SURG, Financial) completes its nationwide rollout, enhancing its position in the telecommunications market.
- Analysts project a significant upside potential with a consensus "Outperform" recommendation.
- GuruFocus suggests a modest increase in SurgePays' fair value, indicating investment potential.
SurgePays Inc. (SURG) has made a significant stride in its expansion efforts by successfully completing the nationwide rollout on the AT&T network as a mobile virtual network operator (MVNO). This strategic move saw the company distributing over 250,000 SIM cards and placing an order for an additional 500,000. Following this achievement, SurgePays' shares experienced a 2.6% increase in premarket trading on Thursday.
Wall Street Analysts Forecast
According to the one-year price targets provided by two analysts, the average target price for SurgePays Inc. (SURG, Financial) stands at $6.75, with estimates ranging from a high of $8.50 to a low of $5.00. This average target signifies a remarkable upside potential of 155.68% from the current trading price of $2.64. Investors looking for more in-depth forecast data can access the Surgepays Inc (SURG) Forecast page.
When it comes to brokerage firm insights, the consensus recommendation for SurgePays Inc. is 2.5, categorizing it under the "Outperform" status. The rating scale used ranges from 1 to 5, where 1 signifies a Strong Buy and 5 indicates a Sell.
GuruFocus Valuation Insights
From a valuation perspective, GuruFocus estimates the one-year GF Value for SurgePays Inc. (SURG, Financial) at $2.73. This estimate suggests a modest upside of 3.41% from the current price of $2.64. The GF Value represents GuruFocus's assessment of the stock's fair trading value, derived from historical multiples, past business growth, and future performance projections. For additional comprehensive data, investors are encouraged to visit the Surgepays Inc (SURG) Summary page.
