My Size Inc's stock surged by 20.99% in pre-market trading, reaching a 20-day high as the company evaluates opportunities for a secure Data Intelligence Framework aimed at enhancing decision-making efficiency in the fashion industry.
The initiative is still exploratory, but CEO Ronen Luzon highlighted the potential for future commercialization of aggregated data intelligence, which could significantly reduce inefficiencies in demand planning and inventory optimization. This strategic move aligns with the company's commitment to privacy compliance, ensuring that data sources consist solely of anonymized and aggregated information.
The implications of this exploration could position My Size as a leader in data-driven solutions for the fashion industry, potentially attracting more enterprise customers and enhancing its market presence.
Wall Street analysts forecast MYSZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MYSZ is 3.00 USD with a low forecast of 3.00 USD and a high forecast of 3.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
Wall Street analysts forecast MYSZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MYSZ is 3.00 USD with a low forecast of 3.00 USD and a high forecast of 3.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 0.829
Low
3.00
Averages
3.00
High
3.00
Current: 0.829
Low
3.00
Averages
3.00
High
3.00
No data
About MYSZ
My Size Inc, formerly Knowledgetree Ventures Inc, is an Israel-based company that offers solutions for online consumers and retailers. Its solution, MySizeID, lets consumers create an online profile of their personal measurements, which can then be utilized with partnered online retailers to insure that no matter the manufacturer or size chart, they will get the right fit. For online retailers, MySizeID offers a solution that minimizes returns from online purchases. Its other products include: SizeUp, which allows users to measure flat surfaces through their smart phones; Cross-Site Search Feature, and In-Store Shopping Tool. The Company’s measurement technology serves a range of applications including the apparel, e-commerce do-it-yourself (DIY), shipping and parcel delivery industries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
