Analyst Amit Dayal of H.C. Wainwright maintained a Buy rating on TOMI Environmental Solutions, with a price target of $3.50.
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Amit Dayal has given his Buy rating due to a combination of factors that indicate a promising outlook for TOMI Environmental Solutions. Despite a decline in 2Q25 revenues, the company has maintained strong gross margins and has a positive outlook for the second half of 2025, with a significant backlog and numerous contracts under negotiation. The international expansion efforts are bearing fruit, with a substantial portion of revenues coming from outside the U.S., and strong pipelines being developed in Europe pending regulatory approvals.
Moreover, TOMI has been advancing its product portfolio, with new product lines and significant contracts, such as the SteraMist Integration System and partnerships with organizations like NASA and Pharma Biotech System Components Ltd. These developments suggest a growing demand for TOMI’s products and services. The company’s focus on expanding distribution channels and the potential growth in the Food Safety sector further support the Buy rating, as these factors are expected to drive future sales growth and capitalize on the increasing need for disinfection and decontamination solutions.
According to TipRanks, Dayal is an analyst with an average return of -6.4% and a 33.27% success rate. Dayal covers the Industrials sector, focusing on stocks such as Joby Aviation, Vertical Aerospace, and Archer Aviation.