Seeing Machines (SEE – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Peter McNally from Stifel Nicolaus maintained a Buy rating on the stock and has a p9.60 price target.
Peter McNally has given his Buy rating due to a combination of factors that highlight the potential for Seeing Machines to improve its financial performance and market position. Despite the challenges faced in the first half of the year, such as flat revenues and a larger-than-expected cash EBITDA loss, the company has implemented cost-saving initiatives that are expected to significantly reduce operating expenses. Additionally, the strategic investment of $32.8 million from Mitsubishi Electric Mobility provides financial stability and supports the company’s path towards achieving cash flow breakeven.
Moreover, the upcoming General Safety Regulation (GSR) deadline in July 2026 is anticipated to provide a strong market tailwind, which could positively impact Seeing Machines’ growth. The company is also poised to benefit from the commercial release of its Aftermarket Guardian 3 units, with expectations of accelerated sales in the second half of the year. This is further supported by a new referral agreement with Mitsubishi Electric Automotive America, which opens up a substantial market opportunity. These factors, combined with a moderated but still significant price target, underpin McNally’s Buy rating for Seeing Machines.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SEE in relation to earlier this year.