Phunware, Inc. (PHUN)
NASDAQ: PHUN · IEX Real-Time Price · USD
6.49
-0.40 (-5.81%)
At close: May 31, 2024, 4:00 PM
6.51
+0.02 (0.31%)
After-hours: May 31, 2024, 7:32 PM EDT
Phunware Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Phunware stock have an average target of 19, with a low estimate of 12 and a high estimate of 25. The average target predicts an increase of 192.76% from the current stock price of 6.49.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for Phunware stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 3 | 3 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Reiterates $12 | Strong Buy | Reiterates | $12 | +84.90% | May 20, 2024 |
| Ascendiant Capital | Ascendiant Capital | Strong Buy Maintains $75 → $25 | Strong Buy | Maintains | $75 → $25 | +285.21% | Apr 1, 2024 |
| Roth MKM | Roth MKM | Strong Buy Reiterates $25 → $20 | Strong Buy | Reiterates | $25 → $20 | +208.17% | Mar 13, 2024 |
| HC Wainwright & Co. | HC Wainwright & Co. | Strong Buy Maintains $1 → $12 | Strong Buy | Maintains | $1 → $12 | +84.90% | Mar 13, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $25 → $7.5 | Strong Buy | Maintains | $25 → $7.5 | +15.56% | Dec 21, 2023 |
Financial Forecast
Revenue This Year
6.19M
from 4.83M
Increased by 28.02%
Revenue Next Year
9.90M
from 6.19M
Increased by 59.96%
EPS This Year
-1.36
from -22.18
EPS Next Year
-1.19
from -1.36
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 6.5M | 10.6M |
| Avg | 6.2M | 9.9M |
| Low | 5.9M | 8.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 35.1% | 71.0% |
| Avg | 28.0% | 60.0% |
| Low | 21.6% | 42.6% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | -1.23 | -0.86 |
| Avg | -1.36 | -1.19 |
| Low | -1.44 | -1.45 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | - | - |
| Avg | - | - |
| Low | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.