- Rumble Inc. (NASDAQ:RUM) reported a 34% year-over-year revenue increase in Q1 2025, reaching $23.7 million.
- The company secured a new contract with El Salvador for Rumble Cloud services, highlighting its expanding business and potential for future growth.
- Analyst Tom Forte from D.A. Davidson sets a bullish price target of $15, reflecting optimism about Rumble’s future prospects amidst competitive industry challenges.
Rumble Inc. (NASDAQ:RUM) operates video-sharing platforms like rumble.com and locals.com, offering creators tools to host, livestream, manage, distribute, and monetize content. Over the past year, the consensus price target for Rumble’s stock has fluctuated, with a recent decrease from $9 last quarter to $8 last month. This shift may reflect analysts’ reassessment of the company’s performance and market conditions.
Rumble’s recent Q1 2025 earnings call, held on May 8, 2025, revealed a 34% year-over-year revenue increase, reaching $23.7 million. This growth, alongside a new contract with El Salvador for Rumble Cloud services, highlights the company’s expanding business. Analyst Tom Forte from D.A. Davidson has set a price target of $15, indicating optimism about Rumble’s future prospects.
Platform developments on rumble.com and locals.com could influence Rumble’s growth and stock price targets. The company reported a record Q4 2024 revenue of $30.2 million, a 48% increase from the previous year, driven by a growing user base and strategic investments. These advancements may impact analysts’ views on Rumble’s potential in the competitive video-sharing industry.
Rumble’s market position is influenced by trends in the video-sharing industry, where it competes with giants like YouTube and TikTok. The company achieved a 21% sequential growth in Monthly Active Users in the U.S. and Canada, reaching 52 million. This growth, coupled with a $775 million investment from Tether, strengthens Rumble’s financial position and market competitiveness.
Investors should monitor Rumble’s earnings reports, platform updates, and market trends to make informed decisions. The company’s recent achievements, including improved user retention and reduced cash usage, suggest a positive outlook. Analyst Tom Forte’s $15 price target reflects confidence in Rumble’s ability to navigate industry challenges and capitalize on growth opportunities.
