Smart Parking Limited Expands US Market Presence with Strategic Acquisition

Smart Parking Limited ( (AU:SPZ) ) just unveiled an update.

Smart Parking Limited has demonstrated significant growth in revenues and profitability over the past five years, driven by both organic expansion and strategic acquisitions, including the recent acquisition of Peak Parking in the USA. This acquisition enhances their market presence in key states such as Texas, Florida, Georgia, Tennessee, and Washington State, positioning the company for further growth and strengthening its industry position.

The most recent analyst rating on (AU:SPZ) stock is a Buy with a A$1.10 price target. To see the full list of analyst forecasts on Smart Parking Limited stock, see the AU:SPZ Stock Forecast page.

More about Smart Parking Limited

Smart Parking Limited operates in the parking management industry, providing robust technologies and management capabilities. The company has established a strong presence in the UK, New Zealand, Germany, Denmark, and the USA, focusing on both organic growth and strategic acquisitions to expand its market reach.

Average Trading Volume: 800,864

Technical Sentiment Signal: Buy

Current Market Cap: A$397.8M

For detailed information about SPZ stock, go to TipRanks’ Stock Analysis page.