B. Riley Securities Maintains Buy on Forward Industries, Raises Price Target to $9
B. Riley Securities analyst Fedor Shabalin maintains Forward Industries (NASDAQ:FWDI) with a Buy and raises the price target from $7 to $9.
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Forward Industries (NASDAQ:FWDI) reported quarterly sales of $10.780 million which missed the analyst consensus estimate of $12.585 million by 14.34 percent. This is a 332.06 percent increase over sales of $2.495
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B. Riley Securities analyst Fedor Shabalin maintains Forward Industries (NASDAQ:FWDI) with a Buy and raises the price target from $7 to $9.
The text discusses recent gains in the stock market, particularly for companies like Napco Security Technologies and SuperX AI Technology. US stocks were mixed, with the Dow Jones index gaining 150 points. Napco Security Technologies rose after better-than-expected results. Other big gainers include SuperX AI, Evolution Metals, and Cleveland-Cliffs.
NASDAQ:FWDI reports $69M net loss in Q3 but 9% growth in SOL per share. Revenue grows 4x YoY. Analysts adjust price targets.
B. Riley Securities analyst Fedor Shabalin maintains Forward Industries (NASDAQ:FWDI) with a Buy and lowers the price target from $8 to $7.