H.C. Wainwright analyst Scott Buck maintained a Buy rating on Widepoint today and set a price target of $9.00.
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Scott Buck has given his Buy rating due to a combination of factors, including WidePoint’s stronger‑than‑expected fourth quarter results and visible growth drivers for 2026. Revenue exceeded forecasts, the company reported a record contract backlog, and management is deliberately shifting the mix toward higher‑margin managed services and recurring Device‑as‑a‑Service offerings, which should support more stable and profitable growth.
In addition, Buck highlights the upside potential from the large CWMS 3.0 contract, where WidePoint is the key incumbent, alongside a new carrier SaaS award that should ramp in the second half of 2026. His $9 price target, implying roughly 100% upside, is based on a conservative revenue multiple that still sits well below larger cybersecurity and software peers, with the expectation that improving margins, EBITDA, and free cash flow can justify multiple expansion over time despite acknowledged competitive, execution, and financing risks.