WM Technology (MAPS) Stock Forecast & Price Target

WM Technology Inc. has achieved a steady increase in its customer base, growing from 5,100 to 5,225 over the past three quarters, indicating a positive trend in demand for its B2C and B2B offerings. The stability of average revenue per customer at $3,041 per month, despite fluctuations, reflects a consistent revenue generation capability, while ongoing investments in R&D and marketing are expected to bolster future revenues and market share. Furthermore, Weedmaps' proactive steps to enhance its product offerings and expand into emerging markets like hemp, coupled with its superior performance compared to peers, provide a strong foundation for growth in the coming years.

WM Technology Inc. has revised its revenue projections downward, anticipating FY25 revenues of $178 million and an EPS of $0.08, compared to previous estimates of $196 million and $0.16. The company's long-term viability appears threatened by the entrance of market leaders into the cannabis space, which could jeopardize Weedmaps' business prospects. Additionally, the potential changes in customer acquisition strategies by major cannabis retailers may reduce demand for Weedmaps' offerings, further complicating its goal to dominate the digital marketing and discovery platform in the cannabis sector.