Phunware

PHUN · NASDAQ

$2.03+$0.045 (+2.27%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $1.99

PHUN analyst rating

HoldConsensus of 1 analyst over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold1
Underperform0
Sell0

12-month price target · 3 analysts

Average $2.04 (+0.5% upside)

Low: $2.02
Now: $2.03
High: $2.10

Upgrades and downgrades

The latest rating actions, newest first

PHUN analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
HC Wainwright & Co.	Mar 25, 2026	Maintains	Neutral	$2.00	34%
HC Wainwright & Co.	Nov 18, 2025	Maintains	Neutral	$3.00 → $2.00	34%

The case for and against

Updated Apr 17, 2026

Bull case

Phunware Inc. demonstrated encouraging financial performance in 4Q25, with reported revenue of $0.8 million, reflecting both sequential and year-over-year growth from $0.6 million. The company is modeling revenue increases for 2026 and 2025, predicting $3.5 million and $2.4 million respectively, indicative of a positive trajectory despite previously slow revenue generation. Additionally, the gross margin significantly improved to 57.7%, surpassing earlier estimates and showcasing enhanced operational efficiency compared to only 23.4% in the prior year.

Bear case

Phunware Inc. is facing a challenging financial outlook, marked by an EBITDA loss estimate of $16.0 million, indicating ongoing cash burn and highlighting concerns regarding its profitability. Revenue trends show a year-over-year decline, although there was a slight sequential increase, suggesting some stabilization; however, this is not enough to allay fears surrounding the company's financial health. Additionally, the potential for an acquisition looms over the stock, which, combined with diminishing cash reserves per share that are below current levels, contributes to a cautious stance on investing in Phunware's shares.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.