
WidePoint (WYY) Stock Forecast & Price Target
WidePoint (WYY) Analyst Ratings
Bulls say
WidePoint Corp is experiencing robust revenue growth, with a reported 34.3% increase in 2Q24 revenue to $36.0 million compared to the prior year, alongside an anticipated 15.0% growth to $153.8 million in 2025. The company is strategically positioned to achieve further expansion through the Navy Spiral 4 contract and the successful deployment of MobileAnchor Digital Credential contracts, suggesting potential for double-digit revenue growth. Additionally, improvements in gross margin due to a favorable revenue mix further support a positive outlook on the company's financial performance and future growth prospects.
Bears say
WidePoint Corp's financial outlook is negatively impacted by a revised EBITDA estimate of $2.0 million, a reduction from the previous estimate of $2.3 million, indicating a potential decline in operational performance. The company's gross margin has decreased to 13.6% in the latest quarter, down from 14.6% in the previous year, signaling challenges in maintaining profitability amid a reliance on Carrier Service revenue, which contributes zero gross margin. Additionally, increasing cybersecurity threats and the potential loss of key personnel further exacerbate risks, potentially hindering the company's ability to achieve its performance objectives in a competitive landscape.
This aggregate rating is based on analysts' research of WidePoint and is not a guaranteed prediction by Public.com or investment advice.
WidePoint (WYY) Analyst Forecast & Price Prediction
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