Allen Klee, an analyst from Maxim Group, maintained the Buy rating on T Stamp, Inc. Class A (IDAI – Research Report). The associated price target remains the same with $8.00.
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Allen Klee has given his Buy rating due to a combination of factors including T Stamp, Inc.’s strategic growth initiatives and its current valuation. The company has embarked on a new partnership with Qenta, which is anticipated to contribute significantly to its annual revenue. Additionally, the relaunch of their enhanced Orchestration Layer offering and expansion into new geographical markets are expected to drive future growth.
Despite the wider-than-expected cash burn, T Stamp’s management has maintained its revenue guidance for 2025, indicating confidence in their growth strategy. The company’s current trading valuation is notably lower than its peer group, suggesting potential upside. Klee’s price target is based on a 10-year discounted cash flow analysis, which supports a higher valuation multiple compared to the current market price.
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