Post by
RayDonovan78 on May 30, 2023 4:24pm
KRC INSIGHTS NOVEMBER 15 2022
Price target of $2.70.......Absolutely LAUGHABLE
Valuation. We forecast that FLYHT will finish F2022 with a strong Q4E driven primarily by delivery of the last portion of the OEM licensing contract. We expect initial Edge device orders in Q1/23E and evidence of a recovery in Air Asia SaaS revenues. Accordingly, we maintain our revenue forecasts for F23 which results in a maintenance of our target price at $2.70.