Analyst Daniel Kurnos of Benchmark Co. maintained a Buy rating on A2Z Smart Technologies, retaining the price target of $20.00.
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Daniel Kurnos has given his Buy rating due to a combination of factors that highlight A2Z Smart Technologies’ promising growth potential. The company is tapping into a significant retail media opportunity, which could potentially generate substantial annual revenue ranging from $60 to $300 million. This projection is based on the deployment of a relatively small percentage of the current shopping cart market, indicating a vast potential for expansion.
Moreover, A2Z has recently secured multi-year partnerships with notable companies such as Toys “R” Us and Red Pirate, covering 5,000 carts and guaranteeing a minimum revenue floor. These partnerships suggest a growing deal flow and the potential for increased revenue per cart. Additionally, A2Z’s strong financial position, bolstered by a recent financing round, provides the company with the resources needed for further investment and expansion. These factors collectively support the Buy rating, as they indicate a solid foundation for future growth and profitability.