Is A 1500% Increase Possible? The Bull Case For This Cannabis Tech Stock Explained
Portfolio Pulse from Nicolás Jose Rodriguez
WM Technology (NASDAQ: MAPS) reported a 4.5% decline in sales year-over-year and quarter-over-quarter in Q1 2024. Despite this, the company achieved a 21.6% EBITDA margin and generated $10 million in EBITDA for the quarter. Analyst Pablo Zuanic sees potential for significant upside if the company aligns with the cannabis industry's growth. MAPS is currently trading at a lower valuation compared to its tech sector peers. The stock could benefit from cannabis rescheduling news and tech stock re-ratings.
July 19, 2024 | 1:46 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
WM Technology reported a 4.5% decline in sales for Q1 2024 but achieved a 21.6% EBITDA margin. Analyst Pablo Zuanic sees potential for significant upside if the company aligns with the cannabis industry's growth. The stock could benefit from cannabis rescheduling news and tech stock re-ratings.
Despite a decline in sales, WM Technology achieved a strong EBITDA margin and positive cash flow. Analyst Pablo Zuanic sees potential for significant upside if the company aligns with the cannabis industry's growth. The stock could benefit from cannabis rescheduling news and tech stock re-ratings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100