Allen Klee, an analyst from Maxim Group, maintained the Buy rating on T Stamp, Inc. Class A. The associated price target remains the same with $12.00.
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Allen Klee’s rating is based on T Stamp, Inc.’s promising growth initiatives and financial stability. The company is expanding its identity authentication solutions, which include a significant opportunity in Ghana that could potentially generate substantial revenue. Additionally, T Stamp is launching a new crypto wallet offering and has a partnership with QID Technologies, which is expected to contribute to future growth.
Despite a slow ramp-up in the QID partnership, Klee maintains a positive outlook for 2026, supported by the company’s strong balance sheet and recent capital raises. The company’s valuation is attractive compared to its peers, and the potential for replication of its Ghana initiative in other countries adds to its growth prospects. These factors contribute to Klee’s Buy rating, with a price target based on a 10-year discounted cash flow analysis.