Bridgeline Digital, Inc. (BLIN, Financial) has entered into a strategic alliance with Netformic USA to enhance eCommerce platforms using its HawkSearch technology. This collaboration aims to significantly improve online shopping experiences, elevate customer engagement levels, and drive higher conversion rates.
Through this partnership, Netformic USA will utilize HawkSearch's advanced features to offer clients enhanced search capabilities, including visual search and autocomplete functions. These improvements are expected to not only refine the user experience but also help drive increased revenue for Netformic's customer base.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Bridgeline Digital Inc (BLIN, Financial) is $3.96 with a high estimate of $4.62 and a low estimate of $3.50. The average target implies an upside of 160.31% from the current price of $1.52. More detailed estimate data can be found on the Bridgeline Digital Inc (BLIN) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Bridgeline Digital Inc's (BLIN, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Bridgeline Digital Inc (BLIN, Financial) in one year is $1.14, suggesting a downside of 25% from the current price of $1.52. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Bridgeline Digital Inc (BLIN) Summary page.
