Ascendiant has increased its price target for Phunware (PHUN, Financial) from $12 to $12.50, maintaining a Buy rating on the shares. This adjustment follows Phunware's first-quarter report, highlighting the company's strategic shift towards new areas in artificial intelligence that offer significant growth potential.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Phunware Inc (PHUN, Financial) is $6.44 with a high estimate of $12.50 and a low estimate of $3.00. The average target implies an upside of 120.46% from the current price of $2.92. More detailed estimate data can be found on the Phunware Inc (PHUN) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Phunware Inc's (PHUN, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
