Surgepays

SURG · NASDAQ

$0.12+$0.003 (+2.56%)TodayMarket closed · Oct 20, 7:59 PM ET

Prev close $0.117

SURG analyst rating

BuyConsensus of 1 analyst over the last 12 months. 100% rate it a buy.

Strong buy0
Buy1
Hold0
Underperform0
Sell0

12-month price target · 3 analysts

Average $3.83 (+3087.5% upside)

Low: $3.79
Now: $0.12
High: $3.94

Upgrades and downgrades

The latest rating actions, newest first

SURG analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Ascendiant Capital	Sep 14, 2026	Maintains	Buy	$3.50 → $3.75	28%
Ascendiant Capital	Jun 10, 2026	Maintains	Buy	$5.00 → $3.50	28%
Ascendiant Capital	Apr 17, 2026	Maintains	Buy	$9.75 → $5.00	28%
Ascendiant Capital	Dec 22, 2025	Maintains	Buy	$9.50 → $9.75	28%

The case for and against

Updated Oct 14, 2026

Bull case

Surgepays is well positioned because its August 14 fiscal Q2 2026 results showed revenue of $16 million, up 41% year over year, and EPS of $0.05 versus an expected loss, indicating improving operating leverage and execution. Its focus on underserved, underbanked consumers through convenience-store distribution, LinkUp Mobile’s nationwide AT&T launch in April 2025, and the October 2024 TerraCom Lifeline agreement support durable growth across wireless, fintech, and transaction services. The company’s 200,000+ recurring subscribers, wholesale HERO platform customer rollouts expected in Q2 2026, and balance-sheet strengthening from monetizing ClearLine over the last three years suggest a scalable model with multiple growth drivers.

Bear case

Surgepays is facing a weak fundamental setup despite 51% year-over-year revenue growth to $16 million in Q1, because sequential revenue was flat versus Q4 at $16 million and management reduced spending to preserve capital efficiency. The lowered outlook for 2026 and 2027—revenue cut to $65 million from $71 million and to $80 million from $85 million, with EPS reduced to $(0.70) from $(0.44) and to $0.05 from $0.06—signals slower expected momentum and limited earnings power. Ongoing balance sheet and liquidity risks, plus exposure to competition, regulatory change, and softer customer and investor sentiment toward technology and retail businesses, reinforce a negative view.

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