Ascendiant raised the firm’s price target on Phunware (PHUN) to $12.50 from $12 and keeps a Buy rating on the shares following the Q1 report. The firm says the company is pivoting to new artificial intelligence growth areas which present “strong growth potential.”
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Read More on PHUN:
- Phunware to showcase next-generation guest experience tech at HITEC 2025
- Phunware Reports Strong Growth Amidst Legal Challenges
- Phunware Hold Rating: Strong Cash Position Amid Revenue Challenges and Strategic Uncertainties
- Phunware reports Q1 EPS (18c), consensus (11c)
- Phunware Approves Director Election and Auditor Ratification
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