Ignore The Market, SurgePays Is Doing Great (NASDAQ:SURG)

The article mentions SurgePays (NASDAQ:SURG) as the stock being discussed. The author's recommendation is to maintain a Buy rating on SurgePays.

The author's core thesis is that SurgePays has shown resilience and controlled growth, with impressive Q2 performance and promising strategies. The key information and data provided include:

• SurgePays turned profitable in Q1 and is expected to continue growing in the second half of the year.
• The neighborhood store distribution model has a low acquisition cost and room for growth.
• Valuations are depressed relative to the industry, indicating an undervalued stock.
• SurgePays is on track to meet its expansion goals, with partnerships and distribution methods in place.
• Q2 performance showed record revenue, EBITDA, and net income.
• Cash flow has improved, and SurgePays has turned operating cash flow positive ahead of schedule.
• The company is on track to reach its store and subscriber targets.
• Valuation multiples are depressed, and Wall Street analysts provide a strong buy rating with an average price target of $12.75.
• Downside risks include reliance on government subsidies, competition, and the ability to deliver on scale, but the author believes these risks are being well managed.

Overall, the author believes SurgePays has significant upside potential and maintains a Buy rating on the stock.