Maxim Group analyst Allen Klee reiterated a Buy rating on T Stamp, Inc. Class A (IDAI – Research Report) yesterday and set a price target of $8.00.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Allen Klee has given his Buy rating due to a combination of factors that highlight T Stamp, Inc.’s promising financial outlook. The company reported impressive fourth-quarter results, with revenue significantly surpassing expectations, driven by a substantial software license fee. This performance indicates strong growth potential, as evidenced by the management’s guidance for a 60% increase in revenue for 2025 and a notable reduction in cash burn.
Additionally, T Stamp, Inc. has taken steps to strengthen its financial position by raising funds and reducing debt, which, along with an equity distribution agreement, provides a solid cash runway into late 2025. The company’s current valuation appears attractive, trading at a lower multiple compared to its peers, and the revised price target reflects a conservative approach amidst industry-wide valuation adjustments. These elements collectively support the Buy recommendation, suggesting that the stock is undervalued and poised for future growth.
According to TipRanks, Klee is an analyst with an average return of -18.9% and a 24.24% success rate. Klee covers the Technology sector, focusing on stocks such as Intelligent Protection Management, JetAI, and T Stamp, Inc. Class A.