Ascendiant Capital Rates SurgePays (SURG) buy, $3.50 Price Target

Ascendiant Capital continues to back SurgePays, setting a $3.5 price target for the stock, a 775.22% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:17 PM EDT · Updated Jun 13, 2026, 1:00 AM EDT

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Ascendiant Capital rated SurgePays, Inc. ($SURG) "buy" with a $3.50 price target on June 10, 2026.

Since the rating, $SURG is down 4.3% after 1 week, down 26.1% after 1 month and down 73.9% to date (from the $0.46 close on Jun 10, 2026).

SURG SurgePays, Inc.

$0.12 -92.98% year to date

Daily close · Oct 16, 2026

Key Points

On June 10, 2026, Ascendiant Capital reiterated its buy rating on SurgePays, Inc. (SURG) with a price target of $3.5.
SurgePays closed at $0.15, well below its 52-week high of $3.14, indicating potential upside.
The company operates in telecom services and fintech, with strong revenue growth of 40.7% reported recently.

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Ascendiant Capital's Updated Rating

On June 10, 2026, Ascendiant Capital reiterated its buy rating on SurgePays, Inc. (SURG) with a target price of $3.5. This rating comes as part of the firm’s ongoing support for SurgePays in the competitive telecom services sector. The stock closed at $0.15 on the NasdaqCM, which is significantly lower than its 52-week high of $3.14.

Stock Performance Context

SurgePays, Inc. has experienced considerable fluctuations in its stock price, reaching a low of $0.14 and a high of $3.14 over the past year. With Ascendiant Capital's price target well above the current trading level, there remains a potential for growth. The recent price of $0.4 suggests that the stock is trading at a fraction of its peak, which could catch the interest of long-term investors.

12-month forecast

$SURG price target

SurgePays, Inc. daily closes and this analyst's $3.50 target. Not advice.

Analysts Set New Price Targets

In addition to the SurgePays rating, Ascendiant Capital has also recently maintained buy ratings on several other companies within the sector, including Knightscope, Inc. and Duos Technologies, all with price targets around $22 to $30. This pattern shows Ascendiant's consistent bullish approach across their coverage, indicating a strong belief in the growth potential of the telecom and technology sectors.

What SURG Does

SurgePays, Inc. is a financial technology and telecom company based in Bartlett, Tennessee. It operates in three main segments, providing mobile broadband solutions, ACH banking services, and a prepaid wireless top-up platform, aiming to cater to diverse consumer needs in the U.S. market. The company's robust revenue growth of 40.7% highlights its expanding footprint in the telecom services industry.

What's Ahead for SURG

Investors should watch for SurgePays’ next earnings report, scheduled for November 11, 2026. The ongoing support from analysts like Ascendiant Capital suggests that there might be positive developments ahead. As a reminder, the latest analyst ratings are reflective of earlier data and may not capture real-time market changes. The buy rating from Ascendiant Capital reinforces the potential upside for SurgePays, especially as the company continues to expand its services and reach within the financial technology space.