Analysts rate Digital World Acquisition Corp. (DWAC:NSD) with a Strong Buy rating and DWAC stock price target of $30

Based on the DWAC Stock Forecast from 1 analyst, the average analyst DWAC stock price target is USD 30.00 over the next 12 months. Digital World Acquisition Corp’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of DWAC stock price prediction is Slightly Bearish, which is based on 2 positive signals and 4 negative signals. At the last closing, Digital World Acquisition Corp’s stock price was USD 15.96Digital World Acquisition Corp’s stock price has changed by -1.19% over the past week, -8.14% over the past month and +0.00% over the last year.

 

About Digital World Acquisition Corp. (DWAC:NSD):

Digital World Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to identify business opportunities in the field of SaaS and technology, and the fintech and financial services sector in the Americas. Digital World Acquisition Corp. was incorporated in 2020 and is based in Miami, Florida.

 

What we like:

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Superior risk adjusted returns

DWAC stock price has performed well, on a risk adjusted basis, compared to its sector peers (for a hold period of at least 12 months) and is in the top quartile.

 

What we don’t like:

High volatility

The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.

Overpriced compared to book value

DWAC stock price is trading high compared to its peers median on a price to book value basis.

Negative cashflow

The company had negative total cash flow in the most recent four quarters.

Negative free cash flow

The company had negative total free cash flow in the most recent four quarters.