Alliance Global Partners initiated coverage of Satixfy Communications (SATX) with a Buy rating and $2.50 price target The firm, which argues that SatixFy’s technology is “uniquely positioned to benefit” from the emerging satellite broadband market mega-trend, forecasts revenue to be $30M in 2025 and $60M in 2026 and expects that the company will reach adjusted EBITDA breakeven in 2026.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SATX:
- Satixfy Communications sees FY24 revenue $17M-$19M, consensus $19M
- SatixFy Reports Improved Financials Amid Key Contracts
- Satixfy Communications initiated with an Outperform at Northland
- SatixFy Wins $39M Contract with Telesat for Satellite Network
- Telesat signs $39M contract with Satixfy Communications
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue