WM Technology (MAPS) Stock Forecast & Price Target

WM Technology Inc. has demonstrated a consistent growth trajectory, as evidenced by the increase in total customers to 5,225 from 5,100 in the previous quarter, reflecting ongoing demand for its B2C and B2B services. Despite a stable average revenue per customer of $3,041 per month, the company's strategic investments in research, development, and marketing position it well for future revenue growth and market expansion, particularly into new territories such as hemp. Given its recent strong performance relative to competitors and the anticipated positive impacts of these investments, WM Tech is poised for a favorable outlook as it continues to enhance its product offerings and penetrate new markets.

WM Technology Inc. has revised its revenue and earnings per share (EPS) projections downward for FY25 and FY26, anticipating revenues of $178 million and $209 million respectively, compared to earlier estimates that were higher. The increase in competition from major market players poses a significant threat to Weedmaps’ long-term business viability, as these competitors could undermine demand for its services. Additionally, shifts in customer acquisition strategies by leading cannabis retailers could decrease the attractiveness of Weedmaps' offerings, further jeopardizing its market position in the digital marketing and discovery space for the cannabis industry in both Canada and the US.