Jul. 5 at 4:43 PM
$SYTA Looking at the potential upside ceiling based on 2026 forecasted revenues of
$240M and
$100M for Core and Siyata Mobile respectively, a bullish 20% post merger legacy shareholder ownership, and a bullish multiple of 22, I calculate the max potential within 1 year to be:
(
$340M x 22 x 0.2)/12M estimated shares =
$124/share. That aligns with being about 6% of APPLovin's
$5.1B TTM revenue.
Bear case of 2 multiple and 15% ownership is
$8.5/share.
IMO, the extreme cases of
$8.5 and
$124 by year end are unlikely. Splitting the difference gets to
$73/share by 2026. IMO, it's worth a long-term hold after some scalping on the post merger squeeze. IMO, scalping before the value-adding merger is very risky as trading could be terminated at any time.
In researching downloads of "No Wifi" games, I see a high demand of 10-500M downloads in the Google Play store. Once launched globally, this company could get to a
$10B market cap in a hurry IF the company executes/delivers as planned.
Competitor
$APP Applovin currently has a
$115B mcap with 19 buy/strong buy ratings and no signs of growth slowing down soon. It has a Zacks #1 strong buy rating.
I welcome any other fact/numbers based PT perspectives (even from the quickly diminishing bear population 🤣 ). JMO DYDD GLTA
https://www.msn.com/en-us/money/markets/applovin-stock-surges-47-in-3-months-still-time-to-ride-the-wave/ar-AA1HZhcn?PC=EMMX01
https://finance.yahoo.com/news/applovins-premium-valuation-rests-margin-181500818.html
