Analysts Offer Insights on Technology Companies: Super League Gaming Inc (NASDAQ: SLGG) and ImageWare Systems Inc (Other OTC: IWSY)

By Austin Angelo

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Super League Gaming Inc (SLGGResearch Report) and ImageWare Systems Inc (IWSYResearch Report) with bullish sentiments.

Super League Gaming Inc (SLGG)

In a report released today, Michael Latimore from Northland Securities initiated coverage with a Buy rating on Super League Gaming Inc and a price target of $15. The company’s shares opened today at $6.50, close to its 52-week low of $6.00.

Latimore said:

“We estimate FY19 revenue of $1.6 million v. $1.0 million in FY18. We estimate most revenue this year, as was the case last year, will come from brand sponsors (such as Logitech and Redbull) paying to have their logo in tournaments. We estimate FY20 revenue of $10.6 million and FY21 of $34.1 million, with most growth coming from the PaaS model (organizations paying SLG a fee per user and revenue share), supplemented by sponsors and consumer subscription. EBITDA of ($12.1) million in FY19, ($10.6) million in FY21. We apply a 5x revenue multiple to our FY21 revenue and discount back at 25% to reach a $15 target. Upside would be if SLGG captures high-growth SaaS multiples (10x revenue) in FY21, putting the stock at $30 then.”

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 16.0% and a 57.8% success rate. Latimore covers the Technology sector, focusing on stocks such as Everbridge Inc, Veritone Inc, and Orbcomm Inc.

Super League Gaming Inc has an analyst consensus of Moderate Buy, with a price target consensus of $15, which is a 130.8% upside from current levels. In a report issued on March 11, National Securities Corp also initiated coverage with a Buy rating on the stock with a $15 price target.

See today’s analyst top recommended stocks >>

ImageWare Systems Inc (IWSY)

Northland Securities analyst Paul Penney maintained a Buy rating on ImageWare Systems Inc today and set a price target of $4.25. The company’s shares opened today at $1.71.

According to TipRanks.com, Penney is a 3-star analyst with an average return of 5.5% and a 48.7% success rate. Penney covers the Technology sector, focusing on stocks such as Iridium Communications, Boingo Wireless Inc, and Global Eagle.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ImageWare Systems Inc with a $4.25 average price target.

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