A Seeking Alpha analyst recommends A2Z Cust2Mate Solutions (NASDAQ:AZ) stock, highlighting its smart shopping cart technology with traction in Israel and expansion plans in Turkey. The report outlines a razor-and-blades model aiming for over $100 million in revenue by end of 2026.
A2Z Cust2Mate Solutions develops smart shopping cart technology, showing strong early adoption in Israel and a promising rollout underway in Turkey. The company follows a razor-and-blades business model, incurring upfront losses on hardware while generating high-margin recurring revenue from software-as-a-service (SaaS) and advertising. The analyst forecasts more than $100 million in revenue and over 50% EBITDA margins by the end of 2026, supported by signed contracts and favorable unit economics. Currently, the firm holds $68.5 million in cash, contributing to a low enterprise value that suggests attractive valuation for potential rapid multiple expansion if targets are achieved. Risks noted include unproven execution in international markets and the challenges of emerging technology. The analyst discloses a beneficial long position in AZ shares through ownership, options, or derivatives, and states the article reflects personal opinions without compensation beyond Seeking Alpha contributions. No business relationship exists with the company. The piece was published on March 20, 2026.
