Maxim has resumed coverage of ARB IOT Group (ARBB, Financial), assigning it a Buy rating with a target price of $20. The company has redirected its focus to lucrative areas such as AI data center servers and Smart IoT farming. Since April, ARBB has secured $131 million in contracts, which are expected to drive positive cash flow through recurring revenue, according to an analyst's note.
The firm anticipates a turning point for ARB IOT in the fiscal year 2026, largely due to the revenue expected from these AI and IoT segments. Revenue is projected to rise significantly, reaching $121 million in FY26, compared to $21.5 million in FY25, suggesting substantial growth potential for the company.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 1 analysts, the average target price for ARB IOT Group Ltd (ARBB, Financial) is $3.00 with a high estimate of $3.00 and a low estimate of $3.00. The average target implies an downside of 48.10% from the current price of $5.78. More detailed estimate data can be found on the ARB IOT Group Ltd (ARBB) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, ARB IOT Group Ltd's (ARBB, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
