Nov. 27 at 1:56 PM
$AZ Happy Thanksgiving
Benchmark Analysis AZ
$20
A2Z Smart Technologies Corp. (AZ;
$6.49)
Super Sapir Market Sweep; Local Mountain Ascended, RoW Next
Change in Earnings Forecast
Rating: Buy
Price Target:
$20.00
It has been a quiet couple of months for A2Z (AZ: Buy, PT
$20) since their last contract announcement in early September, with Yochananof signing a 5-year deal for 5,000 carts at a deal value of
$55 million excluding retail media revenue (a deal for which was also signed in conjunction with the contract). Yesterday, A2Z signed another 5-year,
$30 million contract for 3,000 carts with a different Israeli supermarket chain, Super Sapir, also with an additional agreement for exclusive advertising and retail media rights. But it is just another Israeli supermarket, you say. While true, this represents the first departure from their anchor client, and to us suggest two things: 1) A2Z has "won" the Israeli market, which implies that other deals might follow (Shufersal would be big
