Analysts have been so horribly wrong about the company that I believe very few investors (who have followed the case) give much weight to analysts’ precise numbers.
In the Redeye 11/2021 report, for instance, the following was forecast for the coming years (MSEK):
| Year | Forecast | Actual | Difference | Actual vs. forecast |
|---|---|---|---|---|
| 2022 | 391 | 220 | -171 | 56 % |
| 2023 | 762 | 302 | -460 | 40 % |
| 2024 | 1,213 | 355 | -858 | 29 % |
Last year, SmartEye had revenue of approx. 400 MSEK. So, there is still quite a long way to go to reach that 2024E.
TLDR: Analysts have been mega-bullish; I personally disregard their opinions on the investment case, even though I am involved with a small stake.