News Flash: Analysts Just Made An Incredible Upgrade To Their Voxtur Analytics Corp. (CVE:VXTR) Forecasts

Celebrations may be in order for Voxtur Analytics Corp. (CVE:VXTR) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The analysts have sharply increased their revenue numbers, with a view that Voxtur Analytics will make substantially more sales than they'd previously expected. The market may be pricing in some blue sky too, with the share price gaining 17% to CA$0.95 in the last 7 days. We'll be curious to see if these new estimates convince the market to lift the stock price higher still.

Following the upgrade, the current consensus from Voxtur Analytics' twin analysts is for revenues of CA$230m in 2022 which - if met - would reflect a huge 264% increase on its sales over the past 12 months. Prior to the latest estimates, the analysts were forecasting revenues of CA$132m in 2022. The consensus has definitely become more optimistic, showing a considerable lift to revenue forecasts.

Check out our latest analysis for Voxtur Analytics

Additionally, the consensus price target for Voxtur Analytics increased 63% to CA$2.45, showing a clear increase in optimism from the analysts involved. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. There are some variant perceptions on Voxtur Analytics, with the most bullish analyst valuing it at CA$2.90 and the most bearish at CA$2.00 per share. This shows there is still some diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.

Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. It's clear from the latest estimates that Voxtur Analytics' rate of growth is expected to accelerate meaningfully, with the forecast 181% annualised revenue growth to the end of 2022 noticeably faster than its historical growth of 40% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 14% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Voxtur Analytics to grow faster than the wider industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for next year. They're also forecasting more rapid revenue growth than the wider market. There was also a nice increase in the price target, with analysts apparently feeling that the intrinsic value of the business is improving. Seeing the dramatic upgrade to next year's forecasts, it might be time to take another look at Voxtur Analytics.

Analysts are definitely bullish on Voxtur Analytics, but no company is perfect. Indeed, you should know that there are several potential concerns to be aware of, including major dilution from new stock issuance in the past year. You can learn more, and discover the 3 other warning signs we've identified, for free on our platform here.

Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies that insiders are buying.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.