On July 23rd, Golonhui stated that Roth MKM reiterated its buy rating for Ispire Technology (ISPR.US) and raised its target price from $11 to $12.5 based on expected revenue growth driven by a new global e-cigarette partnership. Roth MKM's analysts expressed strong confidence in the potential of Ispire Technology, predicting that the company will continue to achieve outstanding growth in the second half of 2024. Adjusted revenue estimates and target prices reflect the positive impact of the new partnership on the company's expected financial performance. It is expected that Ispire Technology will benefit from several strategic initiatives, including partnerships with new original design manufacturers (ODMs), distribution network expansion, age control technology licenses, increased market share of open cartridge systems, and positive developments in the legalization of cannabis in the United States. Analysts said that as the company expands production and product lines, its gross margin is also expected to increase. With a valuation of 1.0 times the expected new revenue in 2025, Ispire Technology is considered attractive and a buy rating was reiterated. Ispire recently established an ODM partnership with a top global e-cigarette brand, which is expected to generate orders and contribute $0.1 billion in annual revenue. In addition, Ispire Technology entered the South African market by signing an exclusive distribution agreement with Dank Pack, a leading cannabis packaging supplier in the region.