
SurgePays (SURG) Stock Forecast & Price Target
SurgePays (SURG) Analyst Ratings
Bulls say
SurgePays Inc. has demonstrated substantial revenue growth and improved gross margins as the company shifts its focus toward profitable revenue growth, reflecting a well-defined strategy aimed at enhancing shareholder value. The company's emphasis on the LinkUp Mobile prepaid wireless brand, supported by its distribution partnerships with convenience stores, positions SurgePays for enhanced market penetration, profitability, and customer retention in the wireless sector. Additionally, a recent partnership with AT&T to provide an extensive range of mobile services on a leading wireless network further solidifies SurgePays's competitive edge, indicating a favorable outlook supported by strong demand for its retail and fintech solutions.
Bears say
Surgepays Inc. has reported significant declines in revenue, with Q2 revenue dropping to $5 million, an 86% year-over-year decrease, and Q3 revenue falling to $15 million, down 58% year-over-year, both figures missing expectations. The company's subscriber base for its Affordable Connectivity Program (ACP) reached approximately 250,000; however, the program has halted due to a lack of funding, creating uncertainty regarding future earnings. These factors contribute to a negative outlook, as declining revenue, missed estimates, and the cessation of a key program could adversely impact the company's financial stability and growth potential.
This aggregate rating is based on analysts' research of SurgePays and is not a guaranteed prediction by Public.com or investment advice.
SurgePays (SURG) Analyst Forecast & Price Prediction
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