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RUM: All-Share Northern Data Merger Will Drive Next Phase Of Outperformance

International Partnerships And Cloud Investments Will Expand Global Reach

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RUM
AnalystConsensusTarget
Not Invested
Published 21 Mar 2025

Update shared on 20 Dec 2025

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AnalystConsensusTarget's Fair Value
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1Y
-45.7%
7D
10.7%

Analysts have raised their price target on Rumble by $0.00 to $22.00 per share, citing largely unchanged assumptions around the discount rate, revenue growth, profit margin, and future valuation multiples that continue to support the current fair value estimate.

What's in the News

  • Rumble is nearing an all share merger deal to acquire Northern Data at a valuation reportedly below Northern Data's current $894M market capitalization, with an agreement potentially days away (Bloomberg)
  • Tether plans to leverage its investment in Rumble and the platform's 51M users to help launch its new U.S. focused stablecoin, USAT, in December, aiming to reach 100M users across multiple content and social platforms (CoinDesk)
  • Tether is seeking to raise $15B to $20B for a roughly 3 percent stake sale that could place it among the world's most valuable private firms, following its prior $775M investment in Rumble (Bloomberg)

Valuation Changes

  • Fair Value Estimate: unchanged at $22.00 per share, indicating no revision to the core valuation target.
  • Discount Rate: risen slightly from 8.22 percent to about 8.22 percent, reflecting a negligible adjustment to the risk profile.
  • Revenue Growth: effectively unchanged at roughly 87.90 percent, with only a microscopic upward revision.
  • Net Profit Margin: effectively unchanged at about 5.52 percent, with a minimal downward rounding adjustment.
  • Future P/E: risen slightly from about 249.31x to 249.35x, signaling a very small increase in assumed long term valuation multiples.

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Disclaimer

AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.