H.C. Wainwright analyst Scott Buck reiterated a Buy rating on NexTech AR Solutions today and set a price target of $0.25.
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Scott Buck has given his Buy rating due to a combination of factors that highlight NexTech AR Solutions’ potential for revenue growth and market expansion. The acquisition of Eventdex is seen as a pivotal move that not only adds immediate revenue but also complements the company’s existing Map D platform, which supports numerous events annually. This acquisition is expected to drive significant growth, particularly with the launch of new event ticketing software and the upcoming blockchain ticketing solution.
Furthermore, the event ticketing market presents a substantial opportunity, with projections indicating growth from $85 billion in 2025 to $100 billion by 2030. NexTech’s strategy to engage in both primary and secondary ticket sales, coupled with its innovative solutions like all-in pricing and anti-bot identity, positions it well against competitors. Despite some adjustments in revenue estimates, the long-term outlook remains positive, with the potential for high-margin opportunities in the ticketing and events vertical. The valuation of NEXCF shares at a modest premium to small-cap technology peers, yet at a discount to larger AI peers, suggests significant upside potential, reinforcing the Buy rating.