Industrial Alliance - Plurilock Coverage Report
InvestorSarfari Comments:
The trend of cyber crime will increase in coming years and companies that are positioned early in this market will benefit greatly. Plurilock seems to be making all the right moves which is why we’re keeping our binoculars tightly focused on them.
In this Report, IA Capital Markets has a target (future expected share price) of $0.65 one year out. This is over triple the current price of $0.20 (at the time of this post). This is a thorough report, with supporting details well explained. With a compelling risk/reward analysis, it concludes that it’s a great time to consider the stock.
Aside from the threat of cyber crime being constant; aside from this trend moving upwards; what really sets the company apart from its competitors is the technology used.
Plurilock uses pattern technology to figure out if someone is allowed to use a computer or not. The artificial intelligence technology looks at things like how a person types, GPS tracking, when they typically use the computer, and behaviours like click rates and mouse movements. This allows Plurilock to constantly check if someone is allowed to use the computer, without the person having to do anything extra to validate.
User authentication happens on a continuous second-by-second basis without disruption. This is unlike other authenticators that validate a user’s identity only at the start of a session. All of this is accomplished without the need for additional hardware, making it a convincing purchase incentive when a company is considering cybersecurity. This explains the large enterprise contracts PLUR has been able to secure so far.
The target price of $0.65 is baked on 2023 revenue estimates. We encourage readers to take the time to read reports and other sector news in order to formulate one’s own conclusion. From our standpoint, we agree with this target price to the degree that it may even be on the conservative side.
For additional research, a quick trends commentary recap of Plurilock’s 2022 outlook is available here.
Click on page image below to read or standard download the full PDF report from MEGA:
