Research Capital analyst Greg McLeish reiterated his “Speculative Buy” rating and $3.00 target on The FUTR Corporation (The FUTR Corporation Stock Quote, Chart, News, Analysts, Financials TSXV:FTRC) after the company reported a record 22 new auto dealer signings in the first quarter of 2026, saying the result supports the view that FUTR Payments 2.0 is gaining traction and strengthening the platform’s near-term growth outlook.
On April 15, McLeish said the 22 dealer additions marked the highest quarterly total in FUTR’s history and were all generated through direct sales. They build on a base of roughly 160 active dealers that have historically produced $5-million to $6-million in annual revenue. With dealer activations typically taking eight to 10 weeks, he said the new signings should begin contributing more meaningfully through the second and third quarters.
The analyst said momentum could build further through 2026 as previously announced partnerships with the New York State Auto Dealers Association and Tax Max open access to thousands of additional dealerships. McLeish also highlighted management’s view that the platform creates a “win-win” by lowering borrowing costs for consumers while helping dealers improve in-store economics through added product attachment.
McLeish said FUTR Payments 2.0 is now the key operating driver of near-term growth. He described it as a full rebuild of the legacy payments platform aimed at improving onboarding, conversion and retention. Management estimates the system generates about US$9 per user per month, net of acquisition costs, which he said reinforces the recurring and high-margin nature of the model.
Beyond payments, McLeish said FUTR continues to use the dealership channel as the foundation for a broader intelligent financial platform built on consented consumer data. Each onboarded customer adds verified identity, loan-level and payment-behaviour data that can later support financial optimization tools, refinancing, insurance and other agent-driven services. In his view, that aligns near-term revenue growth with longer-term platform optionality.
McLeish said his $3.00 target remains based on a sum-of-the-parts valuation, including $1.81 per share for the core platform and $1.08 per share for the discounted value of FUTR’s token reserve.
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