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ARB IOT Group Limited (ARBB)
NASDAQ: ARBB · IEX Real-Time Price · USD
1.070
+0.030 (2.88%)
At close: Apr 26, 2024, 4:00 PM
1.050
-0.020 (-1.87%)
After-hours: Apr 26, 2024, 5:23 PM EDT

ARB IOT Group Stock Forecast

ARBB's stock price has decreased by -72.91% in the past year and price targets may not have had time to catch up.

Stock Price Forecast

The 1 analyst with a 12-month price forecast for ARB IOT Group stock has a target of 8.00, which predicts an increase of 647.66% from the current stock price of 1.07.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $8.00 $8.00 $8.00 $8.00
Change +647.66% +647.66% +647.66% +647.66%
* Price targets were last updated on Jul 28, 2023.

Analyst Ratings

According to 1 stock analyst, the rating for ARB IOT Group is "Strong Buy". This means that the analyst believes this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating Mar '24Apr '24
Strong Buy 11
Buy 00
Hold 00
Sell 00
Strong Sell 00
Total 11

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Allen Klee
Maxim Group
 Maxim Group
Strong Buy
Initiates
$8
 Strong Buy Initiates $8 +647.66% Jul 28, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
42.73M
from 242.13M
Decreased by -82.35%
Revenue Next Year
43.52M
from 42.73M
Increased by 1.86%
EPS This Year
0.08
from 1.17
Decreased by -93.03%
EPS Next Year
0.01
from 0.08
Decreased by -87.50%
Year 20212022202320242025
Revenue
50.32M443.02M242.13M42.73M43.52M
Revenue Growth
-780.33%-45.35%-82.35%1.86%
EPS
1,867.977.361.170.080.01
EPS Growth
--99.61%-84.10%-93.03%-87.50%
No. Analysts ---33
Financial currency is MYR. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025
High 44.0M 44.8M
Avg 42.7M 43.5M
Low 41.1M 41.8M

Revenue Growth

Revenue Growth 20242025
High
-81.8%
4.9%
Avg
-82.4%
1.9%
Low
-83.0%
-2.1%

EPS Forecast

EPS 20242025
High 0.08 0.01
Avg 0.08 0.01
Low 0.08 0.01

EPS Growth

EPS Growth 20242025
High
-92.8%
-87.1%
Avg
-93.0%
-87.5%
Low
-93.3%
-88.0%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.