IKT og Tech

Atticus
25.02.2021 kl 11:01 7867

BUZZ-Kahoot: Rises as JPM starts with "overweight" citing growth potential
Innkommet 25.02.2021 10:49

** JP Morgan starts Norway-based learning platform Kahoot
with "overweight", sending shares up 2.7%
** The broker says that subscriptions are growing fast and
it expects a 77% compound annual growth rate in EBITDA between
2021-2024
** Brokerage says M&A scenarios provide further upside
potential
** Adds the business is highly scalable as the platform's
content is generated by its users, which allows a relatively
flat cost base
** JPM says investment case is still attractive, even though
the shares have already performed well; Stock has risen 11% this
year
** Brokerage says though shares are not cheap, the company's
large addressable market, high growth, tipping point EBITDA and
strong cash flow generation in the outer years justifies
valuation
** Sets PT of 137 Norwegian crowns ($16.42) vs analysts'
median PT of 140.70 Norwegian crowns


($1 = 8.3432 Norwegian crowns)

((paulina.cwikowska@tr.com))

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