In a report released today, Scott Buck from H.C. Wainwright maintained a Buy rating on Widepoint (WYY – Research Report), with a price target of $7.00.
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Scott Buck has given his Buy rating due to a combination of factors that highlight WidePoint’s potential for growth and improved financial performance. Despite a revenue miss in the first quarter of 2025, largely due to a one-time accounting adjustment, the company continues to experience favorable business trends that carried over from the previous year. These trends include stability in executive leadership and positive momentum across various product lines, which are expected to contribute to stronger results in the latter half of 2025.
Moreover, WidePoint’s substantial contract backlog of $268.0 million and a promising pipeline of government contracts are anticipated to drive revenue growth within the company’s guidance range of $154.0 million to $163.0 million for 2025. The expectation of higher-margin new revenue and improved operating leverage suggests the potential for positive earnings per share by the fourth quarter of 2025. As the company’s financial performance continues to strengthen, Scott Buck believes that investors will increasingly recognize the value in WidePoint’s shares, justifying the Buy rating and maintaining a price target of $7.00.