- Data Storage Corporation reports consistent GAAP earnings and slight revenue decline in Q1.
- Analysts project a potential 127.16% upside in stock price, with a target of $9.00.
- GuruFocus estimates indicate a possible downside of 12.16% based on GF Value.
Data Storage Corporation (NASDAQ: DTST) has released its financial results for the first quarter, maintaining a GAAP earnings per share of $0.00. The company recorded revenues of $8.08 million, which reflects a minor decrease of 1.9% from the previous year. Despite the dip, Data Storage Corporation is focused on expanding its annual recurring revenue to $21.5 million via strategic international growth.
Analyst Predictions and Market Outlook
Entering the future with optimism, a single analyst has furnished a one-year price target of $9.00 for Data Storage Corporation (DTST, Financial). This forecast represents a potential surge of 127.16% from the current share price of $3.96. Investors seeking detailed projections can visit the Data Storage Corp (DTST) Forecast page for in-depth information.
In alignment with this optimistic outlook, the average recommendation from one brokerage firm remains at 2.0, signifying an "Outperform" status. The rating scale ranges from 1 (Strong Buy) to 5 (Sell), underscoring a vote of confidence from analysts.
Valuation Insights by GuruFocus
Nonetheless, GuruFocus presents a more cautious perspective with an estimated GF Value of $3.48 for DTST over the next year. This valuation implies a potential downside of 12.16% from the current market price of $3.9619. The GF Value is calculated by considering historical trading multiples alongside forecasts of business growth and future performance, offering a comprehensive view of the stock's fair market value. Investors seeking detailed valuation metrics can explore more on the Data Storage Corp (DTST, Financial) Summary page.
