
BM Technologies (BMTX) Stock Forecast & Price Target
BM Technologies (BMTX) Analyst Ratings
Bulls say
BM Technologies Inc is poised for a positive financial outlook, highlighted by an anticipated increase in core EBITDA in 2024, with cash reserves projected to reach $20.8 million by year-end. The company has experienced significant revenue growth, with servicing fees rising 35% year-over-year and card revenue increasing by 15%, benefitting from the Durbin-exempt advantage and heightened customer spending. Additionally, strategic efforts such as the implementation of variable rate agreements and a reduction of approximately $9 million in annual operating expenses are expected to enhance investor sentiment and contribute to a return to positive core EBITDA in 2024.
Bears say
BM Technologies Inc. has experienced significant financial challenges in 2023, highlighted by a core EBITDA loss of $762,000 and revenues of $14.9 million, which fell short of estimates by 3%. The company has struggled to retain interest rate-sensitive deposits while operating under a fixed-rate structure and has also lost the Durbin-exempt benefit, adversely impacting its financial stability. Additionally, the substantial reduction in share-based compensation from $10.8 million in 2022 to $1.9 million in 2023 reflects the overall deterioration in the company's operating environment amid rising interest rates.
This aggregate rating is based on analysts' research of BM Technologies and is not a guaranteed prediction by Public.com or investment advice.
BM Technologies (BMTX) Analyst Forecast & Price Prediction
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