Roth Capital analyst Jeff Martin lowered the firm’s price target on TransAct Technologies (TACT) to $5 from $6 and keeps a Buy rating on the shares. The firm notes that its prior thesis was based, in part, on a positive outcome from the strategic business review, which has now been suspended. FST and Casino & Gaming segments are performing well while the outlook for TransAct in 2025 remains breakeven to modestly negative on an adjusted EBITDA basis, the analyst tells investors in a research note.
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Read More on TACT:
- TransAct Technologies Reports Strong Q1 2025 Results
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- TransAct Technologies backs FY25 revenue view $47M-$52M, two estimates $47.93M
- TransAct Technologies suspends strategic review process ‘for now’
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