Maxim Reduces TruGolf Price Target by $1

Maxim maintained its Buy rating on TruGolf Holdings, Inc. (NASDAQ:TRUG) shares and reduced its price objective from $2 to $1.

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A golfer in the summer sun taking a swing on the green of a pristine golf course.

In a research note, the analyst informs investors that although the company is lowering its 2025 projections because of the slower-than-anticipated revenue ramp and the initial franchise locations’ rollout, it still anticipates robust, profitable growth in 2026.

Maxim goes on to state that, excluding possible M&A, TruGolf Holdings, Inc. (NASDAQ:TRUG)’s balance sheet is sound and its current capital is adequate for the foreseeable future.

TruGolf Holdings, Inc. (NASDAQ:TRUG) provides gaming solutions for indoor golf. It has created hardware solutions, video games (such as Links, a PC sports game), and a brand-new e-sports platform called E6 CONNECT to link golfers worldwide.

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