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BALTIMORE, MD / ACCESSWIRE / March 10, 2020 / Goldman Small Cap Research, a stock market research firm specializing in the small-cap and microcap sectors, announced today that it has released a new research report on Surge Holdings, Inc. (SURG). Surge Holdings serves the overlooked, unbanked, underbanked and credit-challenged, through key verticals and offerings including wireless telecom service and financial payment services via its SurgePays™ Marketplace Network. This report carries a rating and a price target. To view the new research update, along with disclosures and disclaimers, or to download all of our Surge Holdings reports and updates in their entirety, please visit http://www.goldmanresearch.com.
In the Opportunity Research company report, analyst Rob Goldman discusses the impact of the Company's latest blockbuster acquisition, Surge's innovative model, and why he raised his financial forecasts and price target.
Goldman noted, "Surge Holdings, already a leading prepaid wireless provider, is poised to emerge as a major fintech and c-store product sales channel provider in 2020 and beyond. The Company is generating outsized revenue growth and market share in large, underserved markets."
"Led by major top-line growth from the ECS acquisition and with meaningful store deployment inflection points around the corner, we have raised our forecasts and price target. These new estimates call for revenue to leap from $29.1M in 2019 to $109.3M in 2020 and $237.8M in 2021, with EPS reaching $0.03 in 2020 and $0.23 in 2021." commented Goldman.
Goldman concluded, "We believe that Surge is on its way to executing new and recurring cross-sales via ECS and broadly deploying its flagship fintech offering in tens of thousands of stores. Separately, additional, potential valuation catalysts lie ahead. A major fintech/supply chain peer trades 31x next year's EPS, indicating the current valuation has a lot of room to move higher. Management plans to up-list SURG to NASDAQ which would also serve as a valuation catalyst."
About Goldman Small Cap Research: Founded in 2009 by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small-cap and microcap stock research reports, articles, stock market blogs, and popular investment newsletters.
Goldman Small Cap Research is not in any way affiliated with Goldman Sachs & Co.
This press release contains excerpts of our most recently published sponsored company research report on Surge Holdings, Inc. which carries a rating and a price target. The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research relied solely upon information derived from Surge Holdings, Inc. ("the Company") authorized press releases or legal disclosures made in its filings with the U.S. Securities and Exchange Commission http://www.sec.gov.
Separate from the factual content of our report about the Company, we may from time to time include our own opinions about the Company, its business, markets and opportunities. Any opinions we may offer about the Company are solely our own, and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results.
A Goldman Small Cap Research report, update, newsletter, article, trading alert, corporate profile, podcast interview, or press release is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed is to be used for informational purposes only. Please read all associated full disclosures, disclaimers, and analyst background on our website before investing. Neither Goldman Small Cap Research nor its parent is a registered investment adviser or broker-dealer with FINRA or any other regulatory agency. A Speculative Buy rating for our covered companies is defined as a company that we believe exhibits the potential to generate outsized returns despite inherent, above-average business, market, or financial risk. To download this research report or any of our research, view our disclosures and disclaimers, or for more information, visit www.goldmanresearch.com. Since 2018 Goldman Small Cap Research was compensated $11,300 by the Company for research production and distribution.
For more information on Surge Holdings, please visit: www.SurgeHoldings.com
Goldman Small Cap Research
Rob Goldman, Analyst
SOURCE: Goldman Small Cap Research
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