Alliance Global Partners analyst Brian Kinstlinger raised the firm’s price target on Inuvo to 85c from 50c and keeps a Buy rating on the shares following the company’s “blowout quarter.” The firm, which forecasts revenue to be $93M in 2024 and introduces a 2025 estimate of $109M, believes growing past $100M in annual revenue is “the turning point” where it would expect Inuvo to report “more consistent profit and cash flow generation.”
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Read More on INUV:
- Inuvo Reports Record Quarterly Revenue of $24.6 Million, a 44% Year-Over-Year Increase for the Third Quarter of 2023
- Inuvo reports Q3 EPS (1c) vs (3c) last year
- INUV Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Inuvo enhances its AI-generated IntentKey Insights dashboard
- Inuvo to Host Third Quarter 2023 Financial Results Conference Call on Friday, November 10, at 11:00 A.M. ET
