Long, but GREAT read:
Analyst Note:
NEXCF stock has increased over 150% since we initiated coverage 11/6/2019, from $1.06 to a recent high of $2.54.
We are now raising our Upside Potential Target price for NEXCF to $20.00 for next 12 months. (Increasing from original $5.00 Upside Potential Target as originally published 11/6/2019).
Since our initial report, less than 3 months ago, NEXCF has delivered strong results with rapidly increasing revenues. However, our key impetus for increasing the upside target to $20.00, is NEXCF’s launch of three new AR initiatives – which we believe can be transformative for NEXCF’s revenues and valuation of the stock, over the next 12 months:
1) ARitize 3D-AR-360 Ad Network: 3D ads / “conversational 3D-AR shopping experience” – potential game changer for the $200 billion+ online ad industry.
2) Capture AR 3D app: Smartphone based app for 3D asset capture – breakthrough technology which massively reduces time and cost to capture 3D images. Essential for “mainstreaming” AR.
3) “V-Commerce”: Disruptive VR technology aiming at transforming $3.7 trillion retail sector by offering shoppers immersive product experiences.
NEXCF now boasts a unique combination of: multiple “Unicorn-potential” businesses – which are inside the emerging hot theme of Augmented Reality (Estimated to reach $120 billion in next 2 years, according to Statista).
(A “Unicorn” is the VC term for a start-up valued at $1 billion.)
Another key factor for raising the upside target to $20.00 is the confluence of technical/X-factors, which we see as one of the key drivers behind the wild price swings in the stock in recent days. As NEXCF gains increasing investor awareness, with the market starting to discover the AR theme – (Emerging $120 billion market according to Statista) – and NEXCF being the only “pure play” stock – with multiple (billion dollar potential) shots on goal. In some investor circles, NEXCF is apparently being viewed as the “micro-cap version of TSLA”
NexTech AR Solutions (OTC: NEXCF) Emerging leader in $120 billion Augmented Reality mega-trend. “Unicorn Farm” with multiple shots on goal/targeting multi-billion dollar market opportunities. – Starwood Research