Scott Buck, an analyst from H.C. Wainwright, reiterated the Buy rating on NexTech AR Solutions. The associated price target remains the same with $0.25.
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Scott Buck’s rating is based on several positive developments at NexTech AR Solutions. The company’s stock has seen a significant increase in value, driven by strong operating results and positive news, such as the launch of its event ticketing platform. This platform, which is expected to contribute materially to revenue starting in FY26, positions the company well in the growing event ticketing market, estimated to reach $100 billion by 2030.
Additionally, NexTech AR Solutions has shown improved financial performance, with revenue exceeding expectations and gross margins reaching record levels. The company’s advancements in 3D modeling technology, supported by AI, are also seen as valuable, especially as AI adoption is expected to rise. These factors, combined with a more defined path to profitability, have led to the Buy rating and a price target of $0.25 for NEXCF shares.