
KORE Stock Forecast & Price Target
KORE Analyst Ratings
Bulls say
Kore Group Holdings Inc has shown a significant improvement in its gross profit, which increased by 42% year-over-year despite a slight 2% decline in revenue, indicating effective cost management and operational efficiency in its Solutions segment. The company reported a 5% quarter-over-quarter increase in connections, finishing the year with a total of 19.7 million connections, which demonstrates growth in its customer base and demand for IoT services. Additionally, Kore projects positive cash flow in 2025, providing the firm with greater flexibility in managing debt and pursuing growth opportunities, reinforcing a favorable outlook for the company's financial health.
Bears say
Kore Group Holdings Inc is experiencing a significant decline in average revenue per user (ARPU), which dropped 5% quarter-over-quarter to 96 cents, primarily due to lower price points from newly acquired customers. This reduction in ARPU contributed to a notable sequential decline in gross margin by 170 basis points, highlighting challenges in maintaining profitability even as revenue remained roughly flat from the previous quarter. Additionally, the company's heavy reliance on a single customer for over 20% of its revenue raises concerns about customer concentration risk, while broader macroeconomic conditions could further hinder demand and operating performance.
This aggregate rating is based on analysts' research of KORE Group Holdings and is not a guaranteed prediction by Public.com or investment advice.
KORE Analyst Forecast & Price Prediction
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