Boost Run

BRUN · NASDAQ

$7.23−$0.255 (−3.41%)TodayMarket closed · Oct 23, 7:40 PM ET

Prev close $7.48

BRUN analyst rating

BuyConsensus of 4 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy4
Hold0
Underperform0
Sell0

12-month price target · 6 analysts

Average $43.60 (+503.5% upside)

Low: $36.36
Now: $7.23
High: $47.25

Upgrades and downgrades

The latest rating actions, newest first

BRUN analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Northland Capital Markets	Sep 18, 2026	Initiates	Outperform	$36.00	45%
BTIG	Aug 14, 2026	Maintains	Buy	$45.00	43%
BTIG	Jun 25, 2026	Initiates	Buy	$45.00	43%
Craig-Hallum	Jun 23, 2026	Maintains	Buy	$45.00	52%
Craig-Hallum	Jun 4, 2026	Maintains	Buy	$30.00 → $45.00	52%
DA Davidson	Jun 4, 2026	Maintains	Buy	$45.00	52%
DA Davidson	Jun 1, 2026	Maintains	Buy	$25.00 → $45.00	52%
DA Davidson	May 13, 2026	Maintains	Buy	$20.00 → $25.00	52%
Craig-Hallum	May 12, 2026	Initiates	Buy	$30.00	52%

The case for and against

Updated Oct 21, 2026

Bull case

Boost Run is well positioned for durable growth because it combines scarce GPU access, expanding power capacity, and a differentiated secure-workload offering that resonates with healthcare, financial services, and government customers. Its fundamentals are improving as accessible power rose to ~253MW, backlog increased to $1.9B after over $1B of contracts in the quarter, and management reiterated a 2026 exit ARR target of ~$400M while targeting a 15%-20% free cash flow margin. The outlook is further supported by ~$137M of unrestricted cash, expected gross warrant proceeds of about ~$130M, and a financing model that uses leases and customer prepayments to scale without overburdening upfront capital needs.

Bear case

Boost Run is exposed to a fragile supply-and-demand balance: if it cannot secure GPUs, power, and data center capacity at the pace of competitors, growth can stall while market share erodes. The bear case is compounded by pricing compression, since a plateau in AI compute demand alongside continued supply additions could push GPU rental prices lower and squeeze already pressured margins, especially given rising compute and financing costs. Execution risk is also high because delayed deployments, weak customer absorption, and concentrated regulated-buyer sales cycles could strand capital expenditures, while the stock already trades at ~11x 2027 consensus EBITDA of ~$277M and ~9x the 2027 estimate of ~$329M.

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