Analyst Amit Dayal of H.C. Wainwright maintained a Buy rating on TOMI Environmental Solutions (TOMZ – Research Report), retaining the price target of $3.50.
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Amit Dayal has given his Buy rating due to a combination of factors that highlight TOMI Environmental Solutions’ promising growth trajectory. The company’s recent financial performance, particularly the 42% year-over-year increase in net revenue for the first quarter of 2025, demonstrates a positive trend. Despite a slight decrease in gross margin, the reduction in net loss compared to the previous year indicates improved financial health.
Additionally, TOMI’s recent contract wins and strategic deployments, such as the installation of the SteraMist iHP system at a university and its deployment at NASA, showcase the demand for its products and services. The partnership with Pharma Biotech System Components Ltd further strengthens its market position. These developments, alongside the company’s efforts to expand its distribution channels, position TOMI well to capitalize on the growing need for disinfection and decontamination solutions, supporting the Buy rating.