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Acast AB ( (SE:ACAST) ) has provided an update.
Acast has partnered with M Publicité, the advertising arm of Le Monde Group, to handle ad sales, hosting, and distribution for Le Monde’s digital audio content. This collaboration is part of Le Monde’s strategy to enhance its audiovisual presence, leveraging Acast’s platform to consolidate advertising efforts and strengthen its editorial value. The partnership is expected to enrich Acast’s media ecosystem and solidify its market position, while supporting Le Monde’s growth in podcast monetization.
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 is a leading independent podcast company headquartered in Stockholm, Sweden, and listed on Nasdaq Stockholm. Since its inception in 2014, Acast has developed a valuable podcast marketplace that connects creators, advertisers, and listeners globally. The company supports over 140,000 podcasts and works with 3,300 advertisers, generating one billion listens quarterly, which are monetized across various platforms.
YTD Price Performance: 110.19%
Average Trading Volume: 356,628
Technical Sentiment Signal: Buy
Current Market Cap: SEK6.02B
See more insights into ACAST stock on TipRanks’ Stock Analysis page.