
SMSI Stock Forecast & Price Target
SMSI Analyst Ratings
Bulls say
Smith Micro Software Inc. is projected to achieve a sequential increase in top-line revenue in the range of $5.0M to $5.2M for 4Q24, alongside a notable improvement in non-GAAP gross profit to $8.5M, which exceeds expectations and reflects an increase from the previous year. The company has successfully surpassed its operational cost-reduction goals by $4M relative to 4Q22, positioning itself for enhanced efficiency and market responsiveness. With anticipated sales growth of approximately 18% CAGR through 2027 and a projected EBITDA turnaround from a loss to a positive figure, Smith Micro is poised for a robust financial recovery and expansion.
Bears say
Smith Micro Software Inc. reported a significant decline in revenue, with approximately 58% year-over-year and 10% sequential decreases in the third quarter of 2024, amounting to $4.6 million. The company faces challenges with a projected gross margin drop to between 72% and 75%, alongside a downward revision of its fourth quarter sales and EBITDA forecasts to $8.8 million and a $1.4 million loss, respectively. This financial performance is compounded by difficulties in product sales, as the anticipated benefits from new contracts have not yet translated into meaningful revenue growth, creating a negative outlook for the company.
This aggregate rating is based on analysts' research of Smith Micro Software and is not a guaranteed prediction by Public.com or investment advice.
SMSI Analyst Forecast & Price Prediction
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