Analysts have raised their fair value estimate for Rumble from $14.50 to $15.50 per share. They cited higher projected revenue growth, which offset a slight decrease in forecasted profit margins.
What's in the News
- Rumble is nearing a merger with Northern Data through an all-share offer. The agreement could be announced soon. (Bloomberg)
- Tether plans to leverage its investment in Rumble and its 51 million users to support the December launch of its U.S.-focused stablecoin, USAT. (CoinDesk)
- Tether Holdings is in discussions to raise $15 billion to $20 billion, after investing $775 million in Rumble last December. (Bloomberg/The Fly)
Valuation Changes
- The Fair Value Estimate has increased from $14.50 to $15.50 per share.
- The Discount Rate has risen slightly, moving from 7.99% to 8.23%.
- The Revenue Growth projection has increased from 23.13% to 26.44%.
- The Net Profit Margin forecast has decreased from 11.02% to 9.53%.
- The Future P/E ratio has declined from 354.0x to 334.2x.
Disclaimer
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