on Interactive Strength Inc. (NASDAQ:TRNR)
Interactive Strength Inc. Gains "Buy" Rating with $15 Price Target
Interactive Strength Inc. (Nasdaq: TRNR), a producer of specialty fitness equipment, has received a "Buy" recommendation from Maxim Group LLC, with a target price of $15 per share. This assessment is based on an anticipated 800% growth in revenue by 2025, as highlighted in Maxim's comprehensive report.
The report, authored by Thomas Forte, emphasizes the company's strategic acquisition of Wattbike and its pending acquisition of Sportstech, enhancing TRNR's sales and earnings potential. Revenue projections indicate growth from $5.4 million in 2024 to $105 million in 2026.
CEO Trent Ward noted that Maxim Group's coverage underscores the rising investor interest in TRNR. Key growth drivers include international expansion and the company's AI-focused Digital Asset Treasury Strategy, with additional catalysts such as closing the Sportstech acquisition and developing corporate wellness offerings.
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