Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An announcement from BOKU ( (GB:BOKU) ) is now available.
Boku Inc. has partnered with Canva to introduce new localized payment methods, facilitating Canva’s expansion in Asia and Europe. This collaboration aims to make Canva’s creative tools more accessible in regions with low traditional payment card usage by leveraging Boku’s expertise in localized payment methods. The partnership is expected to enhance user accessibility and streamline customer experiences, with initial success seen in Vietnam through the integration of MoMo, a leading digital wallet. This strategic move aligns with the growing trend of localized payment methods, projected to account for 59% of global e-commerce transactions by 2028.
The most recent analyst rating on (GB:BOKU) stock is a Buy with a £216.00 price target. To see the full list of analyst forecasts on BOKU stock, see the GB:BOKU Stock Forecast page.
Spark’s Take on GB:BOKU Stock
According to Spark, TipRanks’ AI Analyst, GB:BOKU is a Outperform.
BOKU is positioned well with strong financial performance and positive technical trends. However, its high valuation presents a risk, which is partially offset by positive corporate developments. The absence of dividend yield and high P/E ratio are significant considerations.
To see Spark’s full report on GB:BOKU stock, click here.
More about BOKU
Boku Inc. is a global network of localized payment solutions, providing access to digital wallets, direct carrier billing, and account-to-account real-time payment schemes. It serves over 7 billion consumer payment accounts worldwide and is trusted by global tech giants like Amazon, Meta, Google, Microsoft, Netflix, Sony, Spotify, and Tencent. Founded in 2008, Boku is headquartered in London, UK, with offices in multiple countries including the US, India, Brazil, China, and Vietnam.
Average Trading Volume: 701,513
Technical Sentiment Signal: Buy
Current Market Cap: £667.5M
See more data about BOKU stock on TipRanks’ Stock Analysis page.