Wall Street Analyst Models $5.00 Price Target for CISO Global, 2531% Higher Than Current Share Price ($CISO)
Published: August 15, 2023 at 06:09 am
CISO Global (NasdaqCM: CISO) is catching investors’ attention, and deservedly so. They announced last Tuesday that an independent appraisal of its AI-Powered Security Solution, Argo Edge, valued it at $49 million, an amount that dwarfs its current market cap by $17 million. Further attention was brought to CISO Global following an analyst report from leading Wall Street firm Cantor Fitzgerald, which modeled for CISO shares to reach $5.00. While that report was initially published in December 2022, the points made are still relevant.
Specifically, revenue growth with lowering COGS remains intact. That was evidenced last week after CISO announced earnings, showing Q2 revenues scoring $15.52 million, an over 13% increase from the $13.7 posted in Q1/2023. Those revenues indicate several things, but the biggest is that CISO is not your typical penny stock. In fact, at roughly $0.17 a share and on a run-rate to score 2023 revenues over $50 million, CISO stock presents a compelling value proposition.
