Landon Capital’s Analyst Initiates a Buy Rating on LM Funding America Inc. (NASDAQ: LMFA)
Muhammad Saqib, analyst for Landon Capital initiated a Buy rating on LM Funding America (NASDAQ: LMFA) with a price target of $2.32.
In the report analyst Muhammad Saqib indicates that LM Funding America demonstrated a significant operational turnaround in FY23, driven by its strategic focus on cryptocurrency mining and disciplined cost management. The company’s total revenue increased by 664% year-over-year, reaching $13.0 million compared to $1.7 million in FY22. This surge in revenue was primarily attributed to the successful ramp-up of digital mining operations, which contributed $12.3 million to total revenue, a sharp increase from $0.9 million in the prior year. In this approach, our model delineates 25% upside or a $2.32 price target (NASDAQ: LMFA). The research report can be found on FactSet, Refinitiv, and Alpha Sense.
About LM Funding America Inc.
LM Funding America (NASDAQ: LMFA), operates as a cryptocurrency mining and specialty finance company. It operates through two segments, Specialty Finance and Mining Operations. The company also engages in Bitcoin mining operations; and provides funding to nonprofit community associations. The company was founded in 2008 and is based in Tampa, Florida. For more information on the Company, please log on to https://www.lmfunding.com
About Landon Capital
Landon Capital was founded in 2017 and has assisted hundreds of emerging growth companies increase their shareholders and build relationships on Wall Street. We design customized programs to increase the market’s interest in your company. For more information, please visit https://landoncapital.net
Safe Harbor Statement
This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. Landon Capital received no direct compensation related to this release, although Landon Capital does hold a position in the company covered above. This release contains certain forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Actual results may differ materially from those stated or implied in.