BALTIMORE, MD / ACCESSWIRE / November 9, 2023 / Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has published a new research report on HUMBL, Inc. (OTC PINK:HMBL), a Web3 technology platform pioneer. The Goldman report carries a price target. To view the new research report, along with disclosures and disclaimers, or to download the report in its entirety, please visit https://bit.ly/40Ad1nN.

HUMBL, Inc. offers a unique, next-gen Web3 technology platform. This offering provides verified users with a digital wallet and web platform designed for peer, corporate, and government transactions. HUMBL users are all verified to enhance the safety, trust, and quality of interactions and transactions on the web. The Company is targeting multiple billion-dollar markets and already has core corporate, government, and consumer clients poised to serve as early adopters and drivers of HMBL's technology.

In the Opportunity Research report, analyst Rob Goldman reviews the fast-growing Web3 industry, the HMBL approach and its broad cross-sale revenue opportunities. Moreover, the report highlights the Company's current positioning, and how future development and marketing milestones could dramatically change the Company's outlook.

Tech Pioneer May be Only Publicly Traded Pure Play in Fast Growing Market

Goldman commented, "HMBL may be the only publicly traded pure play diversified Web3 platform and apps provider. Industry estimates suggest that the segment will grow from $3.34B in 2022 to $49.1B in 2030, a 47% CAGR. This CAGR during this period is one of the fastest growing technology segments. The decentralized Web3, which is based on trust, verification, and interactivity across apps and transactions, is poised to take over the current, flawed Web2 environment. Web2 is fraught with fraudulent accounts, users, bots, and fake ratings/reviews."

Multiple Shots on Goal, Abundant Cross Sale Opportunities with Current Clients

"HMBL's revenue model includes multiple categories, multiple shots on goal, and the exponentiality of revenue across its businesses. These include public sector, commercial, and consumer segments," noted Goldman. "HMBL has already signed a mid-sized municipality in California and the Arena Football League, which is a comprehensive 5-year contract. Revenue for HMBL will be derived on a flat fee or percentage basis for including transactions, ticketing, registry, merchandise, etc."

Reasonable 6-9 Month Target Price, Further Upside Led by Milestones

"Our forecasts assume revenue will grow from $1.5M in 2023 to $17M in 2025, with operating profit in 2025, along with a potential uplist to a major exchange. Our 6-9 month-price target assumes 4.8x our 2025 revenue estimate. Additional upside via milestone achievement is in the cards on an ongoing basis during 2024 as well," Goldman concluded.

About Goldman Small Cap Research: Founded in 2009 by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and microcap stock research reports, articles, stock market blogs, and popular investment newsletters.

Goldman Small Cap Research is not in any way affiliated with Goldman Sachs & Co.

This press release contains excerpts of our most recently published company report on HUMBL, Inc. ("The Company"). The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research relied solely upon information derived from HUMBL, Inc. The information includes authorized press releases or legal disclosures made in their filings with the U.S. Securities and Exchange Commission http://www.sec.gov.

Separate from the factual content of our update about the Company, we may from time to time include our own opinions about the Company, its business, markets, and opportunities. Any opinions we may offer about the Company are solely our own, and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results.

A Goldman Small Cap Research report, update, newsletter, article, trading alert, corporate profile, sector or industry snapshot, podcast interview, or press release is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed and is to be used for informational purposes only. Please read all associated full disclosures, disclaimers, and analyst background on our website before investing. Neither Goldman Small Cap Research nor its parent is a registered investment adviser or broker-dealer with FINRA or any other regulatory agency. A Speculative Buy rating for our covered companies is defined as a company that we believe exhibits the potential to generate outsized returns despite inherent, above-average business, market, or financial risk. To download this research report, or any of our research, view our disclosures and disclaimers, or for more information, visit www.goldmanresearch.com. Goldman Small Cap Research (GSCR) was compensated $5000 by the Company for the production and distribution of this report.

CONTACT:

Goldman Small Cap Research
Rob Goldman, Analyst
410-609-7100
rob@goldmanresearch.com

SOURCE: Goldman Small Cap Research