GlobalData Ends Acquisition Talks with ICG, Focuses on Growth Plan

GlobalData ( (GB:DATA) ) has shared an announcement.

GlobalData Plc has announced the termination of discussions with ICG Europe Fund IX regarding a potential cash offer for the company’s entire share capital. Despite ending these discussions, GlobalData remains optimistic about its future prospects, focusing on its three-year Growth Transformation Plan and targeting annualized revenues of £500 million by the end of 2026. The company remains in an ‘offer period’ until ICG makes a definitive decision regarding the offer.

The most recent analyst rating on (GB:DATA) stock is a Buy with a £2.15 price target. To see the full list of analyst forecasts on GlobalData stock, see the GB:DATA Stock Forecast page.

Spark’s Take on GB:DATA Stock

According to Spark, TipRanks’ AI Analyst, GB:DATA is a Outperform.

GlobalData’s strong financial performance and strategic corporate events, particularly share buybacks, significantly enhance shareholder value. However, the high P/E ratio suggests it might be overvalued, which could be a concern for value investors. Technical indicators show mixed signals, contributing to a balanced outlook.

To see Spark’s full report on GB:DATA stock, click here.

More about GlobalData

GlobalData Plc is a leading data, insights, and analytics platform serving the world’s largest industries. The company aims to assist clients in decoding the future, making informed decisions, and expanding their customer base.

Average Trading Volume: 2,041,659

Technical Sentiment Signal: Hold

Current Market Cap: £1.34B

For an in-depth examination of DATA stock, go to TipRanks’ Stock Analysis page.