Phunware (PHUN) Stock Forecast, Price Target & Predictions

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PHUN Stock Forecast

Phunware stock forecast is as follows: an average price target of $15.50 (represents a 243.68% upside from PHUN’s last price of $4.51) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.

PHUN Price Target

The average price target for Phunware (PHUN) is $15.50 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $22.00 to $9.00. This represents a potential 243.68% upside from PHUN's last price of $4.51.

PHUN Analyst Ratings

Buy

According to 3 Wall Street analysts, Phunware's rating consensus is 'Buy'. The analyst rating breakdown for PHUN stock is 0 'Strong Buy' (0.00%), 3 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Phunware Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 17, 2024	Scott Buck	H.C. Wainwright	$9.00	$6.34	41.96%	99.56%
Aug 09, 2024	Scott Buck	H.C. Wainwright	$7.00	$3.48	101.15%	55.21%
May 14, 2024	Edward Woo	Ascendiant	$22.00	$7.47	194.51%	387.80%
Apr 01, 2024	Edward Woo	Ascendiant	$25.00	$8.96	179.02%	454.32%
Mar 13, 2024	Scott Buck	H.C. Wainwright	$12.00	$9.00	33.33%	166.08%

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The latest Phunware stock forecast, released on Oct 17, 2024 by Scott Buck from H.C. Wainwright, set a price target of $9.00, which represents a 41.96% increase from the stock price at the time of the forecast ($6.34), and a 99.56% increase from PHUN last price ($4.51).

Phunware Price Target by Period

	1M	3M	12M
# Anlaysts	-	1	5
Avg Price Target	-	$9.00	$15.00
Last Closing Price	$4.51	$4.51	$4.51
Upside/Downside	-100.00%	99.56%	232.59%

In the current month, the average price target of Phunware stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Phunware's last price of $4.51. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 17, 2024	Needham	Buy	Buy	Hold
Oct 17, 2024	H.C. Wainwright	Buy	Buy	Hold
Aug 09, 2024	H.C. Wainwright	Buy	Buy	Hold
May 14, 2024	Ascendiant	Buy	Buy	Hold
Apr 01, 2024	Ascendiant	Buy	Buy	Hold
Mar 13, 2024	H.C. Wainwright	Buy	Buy	Hold

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Phunware's last stock rating was published by Needham on Oct 17, 2024. The company gave PHUN a "Buy" rating, the same as its previous rate.

Phunware Financial Forecast

Phunware Revenue Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20
Revenue	-	-	-	-	-	-	-	-	-	$2.79M	$3.49M	$4.75M	$4.77M	$4.76M	$5.49M	$6.78M	$5.40M	$2.16M	$1.44M	$1.65M	$2.02M	$3.13M	$2.21M
Avg Forecast	$3.50M	$1.80M	$1.18M	$1.00M	$928.67K	$1.31M	$1.10M	$1.13M	$3.73M	$4.87M	$5.43M	$5.47M	$5.47M	$5.80M	$6.01M	$5.03M	$2.27M	$2.29M	$2.35M	$3.21M	$3.21M	$2.22M	$2.49M
High Forecast	$4.86M	$2.50M	$1.63M	$1.08M	$1.58M	$1.82M	$1.10M	$1.13M	$6.15M	$6.76M	$7.55M	$7.61M	$5.75M	$5.80M	$6.01M	$5.03M	$2.27M	$2.29M	$2.35M	$3.21M	$3.21M	$2.22M	$2.99M
Low Forecast	$2.64M	$1.36M	$887.81K	$916.67K	$600.90K	$987.04K	$1.10M	$1.13M	$2.08M	$3.68M	$4.10M	$4.14M	$5.20M	$5.80M	$6.01M	$5.03M	$2.27M	$2.29M	$2.35M	$3.21M	$3.21M	$2.22M	$1.99M
# Analysts	1	1	1	2	3	1	1	1	3	1	1	1	1	1	1	3	4	7	4	4	4	6	9
Surprise %	-	-	-	-	-	-	-	-	-	0.57%	0.64%	0.87%	0.87%	0.82%	0.91%	1.35%	2.38%	0.94%	0.61%	0.51%	0.63%	1.41%	0.89%

Phunware's average Quarter revenue forecast for Dec 23 based on 3 analysts is $3.73M, with a low forecast of $2.08M, and a high forecast of $6.15M. PHUN's average Quarter revenue forecast represents a 33.64% increase compared to the company's last Quarter revenue of $2.79M (Sep 23).

Phunware EBITDA Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20
# Analysts	1	1	1	2	3	1	1	1	3	1	1	1	1	1	1	3	4	7	4	4	4	6	9
EBITDA	-	-	-	-	-	-	-	-	-	$-5.29M	$-6.87M	$-7.15M	$-6.74M	$-7.82M	$-7.32M	$-4.97M	$-32.39M	$372.00K	$-6.45M	$-10.00M	$-4.63M	$-7.17M	$-3.01M
Avg Forecast	$-3.24M	$-1.66M	$-1.09M	$-924.89K	$-858.91K	$-1.21M	$-1.02M	$-1.05M	$-3.45M	$-4.50M	$-5.02M	$-5.06M	$-5.06M	$-5.37M	$-5.56M	$-22.65M	$-2.10M	$-2.11M	$-2.17M	$-8.99M	$-2.96M	$-2.06M	$-3.35M
High Forecast	$-2.45M	$-1.26M	$-821.12K	$-847.81K	$-555.77K	$-912.90K	$-1.02M	$-1.05M	$-1.92M	$-3.40M	$-3.79M	$-3.83M	$-4.81M	$-5.37M	$-5.56M	$-18.12M	$-2.10M	$-2.11M	$-2.17M	$-7.19M	$-2.96M	$-2.06M	$-2.68M
Low Forecast	$-4.50M	$-2.31M	$-1.51M	$-1.00M	$-1.46M	$-1.68M	$-1.02M	$-1.05M	$-5.69M	$-6.26M	$-6.98M	$-7.04M	$-5.32M	$-5.37M	$-5.56M	$-27.18M	$-2.10M	$-2.11M	$-2.17M	$-10.79M	$-2.96M	$-2.06M	$-4.02M
Surprise %	-	-	-	-	-	-	-	-	-	1.18%	1.37%	1.41%	1.33%	1.46%	1.32%	0.22%	15.43%	-0.18%	2.97%	1.11%	1.56%	3.49%	0.90%

4 analysts predict PHUN's average Quarter EBITDA for Dec 21 to be $-2.10M, with a high of $-2.10M and a low of $-2.10M. This is -664.26% lower than Phunware's previous annual EBITDA (Sep 21) of $372.00K.

Phunware Net Income Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20
# Analysts	1	1	1	2	3	1	1	1	3	1	1	1	1	1	1	3	4	7	4	4	4	6	9
Net Income	-	-	-	-	-	-	-	-	-	$-18.98M	$-6.52M	$-1.82M	$-10.89M	$-7.17M	$-26.33M	$-24.81M	$-33.24M	$372.00K	$-8.29M	$-12.36M	$-6.16M	$-8.57M	$-3.51M
Avg Forecast	$-666.25K	$-943.85K	$-1.33M	$-1.39M	$-1.33M	$-2.85M	$-4.11M	$-4.75M	$-30.54M	$-33.31M	$-36.09M	$-44.42M	$-41.64M	$-20.75M	$-18.67M	$-23.49M	$-17.64M	$-31.12M	$-41.50M	$-11.12M	$-33.20M	$-37.35M	$-3.90M
High Forecast	$-454.55K	$-643.95K	$-909.11K	$-907.55K	$-832.81K	$-1.94M	$-2.80M	$-3.24M	$-26.21M	$-22.73M	$-24.62M	$-30.30M	$-28.41M	$-20.75M	$-18.67M	$-18.80M	$-17.64M	$-31.12M	$-41.50M	$-8.89M	$-33.20M	$-37.35M	$-3.12M
Low Forecast	$-1.00M	$-1.42M	$-2.01M	$-2.03M	$-1.94M	$-4.29M	$-6.19M	$-7.15M	$-32.76M	$-50.20M	$-54.38M	$-66.93M	$-62.75M	$-20.75M	$-18.67M	$-28.19M	$-17.64M	$-31.12M	$-41.50M	$-13.34M	$-33.20M	$-37.35M	$-4.68M
Surprise %	-	-	-	-	-	-	-	-	-	0.57%	0.18%	0.04%	0.26%	0.35%	1.41%	1.06%	1.88%	-0.01%	0.20%	1.11%	0.19%	0.23%	0.90%

Phunware's average Quarter net income forecast for Dec 21 is $-17.64M, with a range of $-17.64M to $-17.64M. PHUN's average Quarter net income forecast represents a -4840.88% decrease compared to the company's last Quarter net income of $372.00K (Sep 21).

Phunware SG&A Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20
# Analysts	1	1	1	2	3	1	1	1	3	1	1	1	1	1	1	3	4	7	4	4	4	6	9
SG&A	-	-	-	-	-	-	-	-	-	$4.50M	$6.24M	$5.84M	$6.39M	$7.01M	$7.18M	$5.79M	$5.29M	$4.01M	$3.66M	$3.31M	$3.77M	$4.66M	$4.04M
Avg Forecast	$6.25M	$3.21M	$2.10M	$1.79M	$1.66M	$2.33M	$1.97M	$2.03M	$6.66M	$8.69M	$9.69M	$9.77M	$9.77M	$10.36M	$10.73M	$8.98M	$4.05M	$4.08M	$4.20M	$2.98M	$5.72M	$3.97M	$4.44M
High Forecast	$8.69M	$4.47M	$2.92M	$1.93M	$2.82M	$3.24M	$1.97M	$2.03M	$10.98M	$12.08M	$13.48M	$13.58M	$10.26M	$10.36M	$10.73M	$8.98M	$4.05M	$4.08M	$4.20M	$3.58M	$5.72M	$3.97M	$5.33M
Low Forecast	$4.72M	$2.43M	$1.59M	$1.64M	$1.07M	$1.76M	$1.97M	$2.03M	$3.71M	$6.57M	$7.33M	$7.38M	$9.29M	$10.36M	$10.73M	$8.98M	$4.05M	$4.08M	$4.20M	$2.38M	$5.72M	$3.97M	$3.56M
Surprise %	-	-	-	-	-	-	-	-	-	0.52%	0.64%	0.60%	0.65%	0.68%	0.67%	0.64%	1.31%	0.98%	0.87%	1.11%	0.66%	1.17%	0.91%

Phunware's average Quarter SG&A projection for Dec 23 is $6.66M, based on 3 Wall Street analysts, with a range of $3.71M to $10.98M. The forecast indicates a 47.87% rise compared to PHUN last annual SG&A of $4.50M (Sep 23).

Phunware EPS Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20
# Analysts	1	1	1	2	3	1	1	1	3	1	1	1	1	1	1	3	4	7	4	4	4	6	9
EPS	-	-	-	-	-	-	-	-	-	$-0.16	$-0.06	$-0.02	$-0.11	$-0.07	$-0.27	$-0.26	$-0.45	$0.01	$-0.12	$-0.19	$-0.14	$-0.19	$-0.08
Avg Forecast	$-0.06	$-0.09	$-0.12	$-0.13	$-0.12	$-0.26	$-0.37	$-0.43	$-2.75	$-3.00	$-3.25	$-4.00	$-3.75	$-2.50	$-2.25	$-2.00	$-2.13	$-3.75	$-5.00	$-4.00	$-4.00	$-4.50	$-0.10
High Forecast	$-0.04	$-0.06	$-0.08	$-0.08	$-0.07	$-0.18	$-0.25	$-0.29	$-2.36	$-2.05	$-2.22	$-2.73	$-2.56	$-2.50	$-2.25	$-2.00	$-2.13	$-3.75	$-5.00	$-4.00	$-4.00	$-4.50	$-0.08
Low Forecast	$-0.09	$-0.13	$-0.18	$-0.18	$-0.17	$-0.39	$-0.56	$-0.64	$-2.95	$-4.52	$-4.90	$-6.03	$-5.65	$-2.50	$-2.25	$-2.00	$-2.13	$-3.75	$-5.00	$-4.00	$-4.00	$-4.50	$-0.12
Surprise %	-	-	-	-	-	-	-	-	-	0.05%	0.02%	0.00%	0.03%	0.03%	0.12%	0.13%	0.21%	-0.00%	0.02%	0.05%	0.03%	0.04%	0.80%

According to 4 Wall Street analysts, Phunware's projected average Quarter EPS for Dec 21 is $-2.13, with a low estimate of $-2.13 and a high estimate of $-2.13. This represents a -42569.72% decrease compared to PHUN previous annual EPS of $0.01 (Sep 21).

Phunware Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
XELA	Exela	$1.08	$70.00	6381.48%	Hold
PHUN	Phunware	$4.51	$15.50	243.68%	Buy
SOUN	SoundHound AI	$6.51	$8.13	24.88%	Buy

PHUN Forecast FAQ

Is Phunware a good buy?

Yes, according to 3 Wall Street analysts, Phunware (PHUN) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 100.00% of PHUN's total ratings.

What is PHUN's price target?

Phunware (PHUN) average price target is $15.5 with a range of $9 to $22, implying a 243.68% from its last price of $4.51. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Phunware stock go up soon?

According to Wall Street analysts' prediction for PHUN stock, the company can go up by 243.68% (from the last price of $4.51 to the average price target of $15.5), up by 387.80% based on the highest stock price target, and up by 99.56% based on the lowest stock price target.

Can Phunware stock reach $7?

PHUN's average twelve months analyst stock price target of $15.5 supports the claim that Phunware can reach $7 in the near future.

What are Phunware's analysts' financial forecasts?

Phunware's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $4.47M (high $5.63M, low $3.82M), average EBITDA is $-4.136M (high $-3.538M, low $-5.208M), average net income is $-13.038M (high $-8.819M, low $-19.583M), average SG&A $7.98M (high $10.05M, low $6.83M), and average EPS is $-1.174 (high $-0.794, low $-1.764). PHUN's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $7.48M (high $10.08M, low $5.81M), average EBITDA is $-6.914M (high $-5.373M, low $-9.326M), average net income is $-4.331M (high $-2.915M, low $-6.463M), average SG&A $13.35M (high $18M, low $10.37M), and average EPS is $-0.39 (high $-0.263, low $-0.582).

Did the PHUN's actual financial results beat the analysts' financial forecasts?

Based on Phunware's last annual report (Dec 2023), the company's revenue was $4.83M, which missed the average analysts forecast of $19.5M by -75.22%. Apple's EBITDA was $-19.788M, beating the average prediction of $-18.037M by 9.71%. The company's net income was $-52.785M, missing the average estimation of $-144M by -63.43%. Apple's SG&A was $17.11M, missing the average forecast of $34.82M by -50.86%. Lastly, the company's EPS was $-22.18, beating the average prediction of $-13 by 70.62%. In terms of the last quarterly report (Sep 2023), Phunware's revenue was $2.79M, missing the average analysts' forecast of $4.87M by -42.63%. The company's EBITDA was $-5.29M, beating the average prediction of $-4.501M by 17.53%. Phunware's net income was $-18.979M, missing the average estimation of $-33.313M by -43.03%. The company's SG&A was $4.5M, missing the average forecast of $8.69M by -48.15%. Lastly, the company's EPS was $-0.16, missing the average prediction of $-3 by -94.67%