Summary:
- Freight Technologies (FRGT, Financial) reports significant financial strides, boosting gross margins and reducing net losses.
- Innovative platforms like Waavely and Fleet Rocket enhance FRGT’s digital freight logistics offerings.
- Wall Street analysts forecast a potential upside of over 9,000% based on current price targets.
Freight Technologies Inc. (FRGT) has made substantial financial progress for 2024, featuring improved gross margins and diminished net losses. In its pursuit of revolutionizing the digital freight logistics sector, the company has launched pioneering solutions like Waavely, aimed at optimizing ocean freight management, and Fleet Rocket, designed for logistics operators, further cementing its standing as a leader in the industry.
Wall Street Analysts Forecast
The forecast from leading analysts suggests a promising future for Freight Technologies Inc. (FRGT, Financial). The average one-year price target, provided by one analyst, is positioned at $90.00, presenting both high and low estimates at $90.00. This projection signals a remarkable upside potential of 9,038.91% from the current trading price of $0.98. Investors seeking more intricate forecast details can visit the Freight Technologies Inc (FRGT) Forecast page.
Currently, Freight Technologies Inc. boasts an "Outperform" status on the brokerage recommendation scale, with an average score of 2.0 derived from one brokerage firm. This rating, on a scale where 1 denotes Strong Buy and 5 indicates Sell, underscores the favorable perception of FRGT among analysts.
Despite the positive outlook, the GF Value metric, a proprietary evaluation by GuruFocus, estimates the fair value for FRGT in one year to be $0.93. This suggests a potential downside of 5.56% from the current stock price of $0.9848. The GF Value is calculated based on historical trading multiples, previous business growth, and future performance projections. For more comprehensive insights, visit the Freight Technologies Inc (FRGT, Financial) Summary page.
