Analyst Tom Forte from Maxim Group reiterated a Buy rating on Rumble (RUM – Research Report) and keeping the price target at $20.00.
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Tom Forte has given his Buy rating due to a combination of factors that highlight Rumble’s strong performance and future potential. The company reported impressive first-quarter results for 2025, with revenue surpassing expectations and demonstrating significant year-over-year growth. Despite a higher-than-expected adjusted EBITDA loss, this was attributed to one-time expenses, suggesting a more favorable underlying financial health.
Rumble’s strategic partnerships with major entities like Netflix, Crypto.com, and Chevron signal robust monetization efforts and expansion in its cloud business. The company’s strong cash position and lack of debt further bolster its financial stability, providing ample resources for future growth. Additionally, Rumble’s audience retention and strategic alliances position it well to capitalize on its user base, supporting the Buy rating with a positive outlook for achieving its financial targets by 2025.
Forte covers the Consumer Cyclical sector, focusing on stocks such as Beyond Inc, Light & Wonder, and Jakks Pacific. According to TipRanks, Forte has an average return of 8.3% and a 45.06% success rate on recommended stocks.