Ventum Capital Markets analyst Price Target of $0.38 on FLT Volatus keeps “Buy” rating at Ventum - Cantech Letter
'In a research update to clients December 2, Goff maintained his “Buy” rating and price target of $0.38 on FLT, implying a return of 162.1% at the time of publication.
The analyst thinks the company will post an EBITDA loss of $3.4-million on revenue of $26.3-million in fiscal 2024. He expects those numbers will improve to EBITDA of positive $5.7-million on a topline of $60.3-million in fiscal 2025.
Goff says there could be more upside to FLT that he is currently not factoring in.
“We confirmed our 2025 forecast revenue of $60.3M and EBITDA of $5.7M. However, the strength of service revenues in Q3/24 and management’s comments about its sales pipeline support greater optimism that we will upgrade our forecasts as the year progresses. We look for Volatus to turn EBITDA positive in Q2/25 where the seasonally slow Q1/25 quarter defers the achievement by one quarter,” he wrote.'