Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Acast AB ( (SE:ACAST) ) has issued an update.
Acast has entered an exclusive ad sales and distribution partnership with Perfect Day Media, one of Sweden’s leading podcast and content companies, under which Acast will handle all brand ad sales and distribution for Perfect Day Media’s shows, adding roughly 5 million monthly listens to its network. The agreement deepens Acast’s leadership in the Swedish podcast market by integrating Perfect Day Media’s high-profile portfolio into Acast’s monetization technology, allowing Perfect Day Media to focus on video, brand collaborations and sponsorships, while creating a more efficient, scalable value chain for advertisers, creators and listeners and strengthening the long-term business prospects for both firms within the broader PodX Group ecosystem.
The most recent analyst rating on (SE:ACAST) stock is a Hold with a SEK30.00 price target. To see the full list of analyst forecasts on Acast AB stock, see the SE:ACAST Stock Forecast page.
More about Acast AB
Acast AB is a Stockholm-headquartered, Nasdaq Stockholm–listed company operating the world’s largest independent podcast marketplace, connecting over 140,000 podcast creators with 3,300 advertisers and monetizing around one billion quarterly listens across all major listening platforms. Since 2014 it has focused on building technology and ad infrastructure that support the creator economy globally, while serving brands seeking scalable, data-driven podcast advertising solutions.
Average Trading Volume: 364,269
Technical Sentiment Signal: Buy
Current Market Cap: SEK5.94B
See more insights into ACAST stock on TipRanks’ Stock Analysis page.