The analyst's reiteration of a Buy rating and a $3.5 price target for TRUE is based on the company's announcement of internal restructuring, CEO transition, and guidance for breakeven or positive adjusted EBITDA in 4Q FY23. The analyst is confident in TRUE's ability to achieve profitability and is bullish on the macro tailwinds behind the company, which are likely to have a positive short-term impact on the stock price.