Goldman Small Cap Research Publishes New Research Report on Interactive Health, Inc.
- The potential acquisition is expected to lead to major revenue growth and accelerated profit for FORME.
- The current core business of FORME will migrate to a more profitable B2B-led platform following the potential transaction.
- The potential acquisition is the first step in FORME's role as an aggregator in the space.
- The 12-month price target reflects a reasonable 3x the projected revenue for 2024.
- Upside potential exists as the forecasted revenue is below management's revenue guidance for 2024.
- None.
BALTIMORE, MD / ACCESSWIRE / August 17, 2023 / Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has published a new research report on Interactive Health, Inc. d/b/a FORME (NASDAQ:TRNR). FORME recently signed a Letter of Intent (LOI) to acquire a peer in a transformative transaction that could accelerate revenue and profit growth, along with its valuation. The Goldman report carries a price target. To view the new research report, along with disclosures and disclaimers, or to download the report in its entirety, please visit: https://bit.ly/47DY2MI.
The Company operates a digital fitness platform that combines premium connected award-winning fitness hardware products with 1:1 personal training and coaching (from real humans) to deliver an immersive experience and better outcomes for both consumers and trainers. Management believes that TRNR is the pioneer brand in the emerging sector of virtual personal training and health coaching. Moreover, this approach accelerates a powerful shift towards outcome-driven fitness solutions.
In the Opportunity Research report, analyst Rob Goldman reviews TRNR's potential as an acquirer in its segment, and how its current target, if combined with TRNR, could dramatically change the Company's outlook.
Potential M&A Prompts Major Revenue Growth, Accelerated Profit
Goldman commented, "Following the announcement of a signed LOI to acquire a firm in its industry segment, management provided investors with high growth revenue guidance for the combined firms. Plus, TRNR's current core business in B2C will migrate to a more profitable B2B-led platform, following the potential transaction."
Low Current Valuation to Reach New Heights When Potential M&A Deal Closes
"Slated to close inby 4Q23, we believe that the prospective acquisition dramatically changes the outlook, revenue, profitability, and valuation for TRNR in one fell swoop. Moreover, in addition to accelerating the path to adjusted EBITDA and EPS, we believe this move will be the first step in TRNR's role as an aggregator in the space, "stated Goldman.
Target Price Reflects Reasonable Price/Sales Ratio
Goldman concludes, "Our current combined company forecasts include
About Goldman Small Cap Research: Founded in 2009 by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and microcap stock research reports, articles, stock market blogs, and popular investment newsletters.
Goldman Small Cap Research is not in any way affiliated with Goldman Sachs & Co.
This press release contains excerpts of our most recently published company report on Interactive Strength, Inc. ("The Company"). The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research relied solely upon information derived from Interactive Strength, Inc. The information includes authorized press releases or legal disclosures made in their filings with the U.S. Securities and Exchange Commission http://www.sec.gov.
Separate from the factual content of our update about the Company, we may from time to time include our own opinions about the Company, its business, markets, and opportunities. Any opinions we may offer about the Company are solely our own, and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results.
A Goldman Small Cap Research report, update, newsletter, article, trading alert, corporate profile, sector or industry snapshot, podcast interview, or press release is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed and is to be used for informational purposes only. Please read all associated full disclosures, disclaimers, and analyst background on our website before investing. Neither Goldman Small Cap Research nor its parent is a registered investment adviser or broker-dealer with FINRA or any other regulatory agency. A Speculative Buy rating for our covered companies is defined as a company that we believe exhibits the potential to generate outsized returns despite inherent, above-average business, market, or financial risk. To download this research report, or any of our research, view our disclosures and disclaimers, or for more information, visit www.goldmanresearch.com. Goldman Small Cap Research (GSCR) was compensated
Contact
Goldman Small Cap Research
Rob Goldman, Analyst
410-609-7100
rob@goldmanresearch.com
SOURCE: Goldman Small Cap Research
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FAQ
What company is the subject of the research report?
What type of transaction did FORME recently sign a Letter of Intent for?
What is the core business of FORME?
What is the expected impact of the potential acquisition on FORME's revenue and profit?
What type of platform will FORME's core business migrate to following the potential transaction?
What is the target price mentioned in the report?
What is the projected revenue for FORME in 2024 according to the report?
When is the potential acquisition expected to close?
What is the role of FORME in the space following the potential acquisition?
Is there upside potential to the target price?
