Analyst Allen Klee from Maxim Group maintained a Buy rating on Intelligent Protection Management (IPM – Research Report) and keeping the price target at $6.00.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Allen Klee has given his Buy rating due to a combination of factors including the strategic shift in Intelligent Protection Management’s business model and its promising outlook in the IT hosting and cybersecurity sectors. The acquisition of Newtek Technology Solutions and the divestiture of non-profitable legacy assets have positioned the company to focus on high-demand markets, particularly outsourced IT services for small and medium enterprises.
The company’s financial health is also a contributing factor, with a strong cash position and no debt, alongside potential additional capital from a patent infringement settlement. Furthermore, the company’s valuation appears attractive, trading at a low enterprise value to revenue multiple compared to its growth prospects. These elements, combined with the potential for organic growth and strategic acquisitions, underpin Klee’s confidence in the company’s future performance and his Buy rating.