Maxim lowered the firm’s price target on TruGolf (TRUG) to $1 from $2 and keeps a Buy rating on the shares. The firm is tempering its 2025 estimates due to slower than expected revenue ramp and roll out of initial franchise locations, but continues to project strong profitable growth in 2026, the analyst tells investors in a research note. Maxim adds that TruGolf balance sheet is solid and its existing capital is sufficient for the forseeable future, excluding potential M&A.
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 TRUG:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue