Maxim Group analyst Matthew Galinko maintained a Buy rating on Flux Power Holdings (FLUX – Research Report) yesterday and set a price target of $5.00.
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Matthew Galinko has given his Buy rating due to a combination of factors that highlight Flux Power Holdings’ potential for growth and resilience despite current challenges. The company reported a significant year-over-year increase in bookings for the third quarter of fiscal year 2025, indicating strong demand for its lithium-ion battery solutions. Although the adjusted EBITDA was below expectations, the company’s revenue was in line with projections, suggesting stable financial performance.
Additionally, the appointment of a new CEO, Krishna Vanka, who plans to focus on generating recurring software revenue and enhancing the development process, is seen as a positive strategic move. The company’s valuation, trading at a lower EV/revenue multiple compared to its peers, presents an attractive investment opportunity. Galinko’s price target of $5.00 is supported by a detailed 10-year discounted cash flow analysis, reinforcing his confidence in the company’s long-term prospects.
In another report released yesterday, Roth MKM also maintained a Buy rating on the stock with a $4.00 price target.