
TransAct Technologies (TACT) Stock Forecast & Price Target
TransAct Technologies (TACT) Analyst Ratings
Bulls say
Transact Technologies has demonstrated strong financial performance, particularly in its Casino & Gaming segment, which experienced an 18% year-over-year revenue increase, significantly surpassing expectations by 34%. The company has reported a rebound in demand within this market, and all original equipment manufacturer (OEM) partners have resumed purchasing, indicating a recovery from previous inventory pressures. Additionally, the Foodservice Technology (FST) segment is expanding into new markets with opportunities for automation in various large facilities, further contributing to a positive outlook for the company's growth prospects.
Bears say
Transact Technologies Inc faces several fundamental challenges that contribute to a negative outlook on its stock. A significant concern is the increased competition within the food service technology industry, combined with a lack of adoption of its BOHA! technology, which could hinder growth prospects. Additionally, the company has been experiencing a sustained downturn in the casino and gaming industry, coupled with ongoing negative cash flow and business development constraints exacerbated by the pandemic, leading to a breakeven to modestly negative financial outlook for 2025.
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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