
SurgePays (SURG) Stock Forecast & Price Target
SurgePays (SURG) Analyst Ratings
Bulls say
Surgepays Inc is positioned for strong growth, particularly through its LinkUp Mobile prepaid wireless brand, which leverages partnerships with convenience store distribution channels to enhance growth, profitability, and customer loyalty. Despite the anticipated loss of the Affordable Connectivity Program (ACP), the company is expected to achieve high growth driven by its Lifeline service and new product offerings over the long term. The strong demand for SurgePays's retail and fintech products, supported by overall industry growth and expanding product offerings, presents a favorable risk-reward scenario.
Bears say
SurgePays Inc. reported a fiscal Q2 revenue of $12 million, which represents a significant decline of 24% year-over-year and falls short of both internal estimates of $15 million and consensus expectations of $16 million. The company's earnings per share (EPS) of $(0.36) also disappointed, as it exceeded the negative estimates of $(0.33) and consensus projections of $(0.20). These disappointing financial results may signal potential challenges for SurgePays's growth trajectory and underscore concerns about its operational performance in the competitive fintech sector.
This aggregate rating is based on analysts' research of SurgePays and is not a guaranteed prediction by Public.com or investment advice.
SurgePays (SURG) Analyst Forecast & Price Prediction
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