WidePoint Corporation (NYSEMKT:WYY) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year’s forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company’s business prospects. The market may be pricing in some blue sky too, with the share price gaining 13% to US$0.58 in the last 7 days. Could this upgrade be enough to drive the stock even higher?
Following the upgrade, the current consensus from WidePoint’s twin analysts is for revenues of US$132m in 2020 which – if met – would reflect a solid 11% increase on its sales over the past 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$107m in 2020. It looks