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GlobalData ( (GB:DATA) ) has provided an announcement.
GlobalData Plc has announced an extension of the deadline for ICG Europe Fund IX GP S.a.r.l. to make a firm offer for the company, following preliminary proposals for a possible cash offer. Discussions with Kohlberg Kravis Roberts & Co. have been terminated due to an inability to agree on terms, leaving ICG as the remaining potential bidder. The extension allows ICG until June 11, 2025, to decide on making an offer, impacting GlobalData’s potential acquisition and market positioning.
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 Neutral.
GlobalData demonstrates strong financial performance with revenue growth and improved debt levels, but faces challenges in maintaining profitability and equity levels. Technical analysis suggests caution due to overbought conditions, and the high P/E ratio points to potential overvaluation. Corporate actions like share buybacks and market transition offer long-term growth potential, but valuation and technical signals warrant careful consideration.
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 focuses on helping clients decode the future, make informed decisions, and expand their customer base.
Average Trading Volume: 2,163,965
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.48B
See more data about DATA stock on TipRanks’ Stock Analysis page.