
TransAct Technologies (TACT) Stock Forecast & Price Target
TransAct Technologies (TACT) Analyst Ratings
Bulls say
Transact Technologies Inc has reported an impressive 18% year-over-year revenue increase in its Casino & Gaming segment, significantly surpassing model expectations by 34%, primarily fueled by robust domestic market demand and a return to purchasing by all OEM partners. The company continues to adopt its land-and-expand strategy, which is expected to gain traction as it acquires additional client logos, particularly in emerging markets like food service and labeling automation for large facilities. Furthermore, with the recent strengthening of demand and the acquisition of a new OEM, there is a positive outlook on the company's growth trajectory in both the Casino & Gaming and Foodservice Technology sectors.
Bears say
Transact Technologies Inc faces significant challenges that contribute to a negative outlook, including increased competition in the food service technology sector and a lack of adoption of its BOHA! technology within this market. Additionally, the company is vulnerable to a prolonged downturn in the casino and gaming industry, which constitutes a major source of revenue, coupled with sustained negative cash flow and insufficient profitability. The current performance of its key segments, particularly in food service technology and casino gaming, indicates a lack of growth that could render its financial projections for 2025 breakeven or modestly negative.
This aggregate rating is based on analysts' research of TransAct Technologies and is not a guaranteed prediction by Public.com or investment advice.
TransAct Technologies (TACT) Analyst Forecast & Price Prediction
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