Barrington analyst Kevin Steinke has maintained their bullish stance on BEEP stock, giving a Buy rating today.
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Kevin Steinke has given his Buy rating due to a combination of factors that suggest a positive outlook for Mobile Infrastructure Corp. Despite a slight year-over-year revenue decline in Q2/25, the company’s performance exceeded both internal and consensus expectations, demonstrating resilience in challenging conditions. The company’s strategic focus on increasing contract parking, which provides more stable and predictable revenue, is a significant factor in its potential for sustained growth.
Additionally, the ongoing renovations of major event centers are expected to serve as long-term demand catalysts for the company’s parking assets. The growth in monthly parking contracts, particularly in residential areas, further supports this positive outlook. Moreover, the company’s ability to leverage its existing infrastructure without significant increases in operating expenses suggests potential for improved profitability as revenue grows. These factors collectively underpin Steinke’s confidence in the company’s future performance and justify the Buy rating.
In another report released today, Maxim Group also reiterated a Buy rating on the stock with a $7.00 price target.