In a report released today, Darren Aftahi from Roth Capital maintained a Buy rating on Phunware (PHUN – Research Report), with a price target of $3.75. The company’s shares closed last Wednesday at $1.46, close to its 52-week low of $0.82.
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 16.4% and a 36.5% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine, Argo Blockchain, and Veritone.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Phunware with a $5.17 average price target.
The company has a one-year high of $24.04 and a one-year low of $0.82. Currently, Phunware has an average volume of 6.16M.
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Phunware, Inc. engages in the development of a Multiscreen-as-a-Service platform, an enterprise cloud platform for mobile. It provides companies the products, solutions, data, and services necessary to engage, manage, and monetize mobile application portfolios and audiences at scale. Its platform also allows for the licensing and creation of category-defining mobile experiences for brands and their application users worldwide. The company was founded by Alan S. Knitowski and Luan Dang in February 2009 and is headquartered in Austin, TX.
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