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The latest announcement is out from Truecaller AB Class B ( ($SE:TRUE.B) ).
Truecaller AB, the Nasdaq Stockholm–listed communications platform, is expanding its business messaging ecosystem from a single exclusive partner to a multi-partner model in India and worldwide, working with new players such as Gupshup, Onextel, Cloudcom, and GTS. By opening its platform to multiple integrators, Truecaller aims to offer enterprises a richer, more interactive and data-driven alternative to legacy SMS and OTT channels, leveraging its 450 million–strong user base.
The company’s shift is described as a full reset of its business messaging vertical and is expected to temporarily weigh on revenues following the termination of the prior exclusive partnership, as new partners ramp up. Over time, management expects the broadened partner network to deliver higher scale, more diversified revenue streams, and a stronger strategic position as a key global hub for business-to-consumer communication.
The most recent analyst rating on ($SE:TRUE.B) stock is a Hold with a SEK13.00 price target. To see the full list of analyst forecasts on Truecaller AB Class B stock, see the SE:TRUE.B Stock Forecast page.
More about Truecaller AB Class B
Truecaller AB is a Sweden-listed technology company that operates a global platform for safe and trusted communication, addressing fraud and unwanted calls and messages, particularly in emerging markets. Its app has more than 450 million active users worldwide and focuses on enabling verified, secure interactions between businesses and consumers.
YTD Price Performance: -47.82%
Average Trading Volume: 3,067,302
Technical Sentiment Signal: Sell
Current Market Cap: SEK3.5B
For detailed information about TRUE.B stock, go to TipRanks’ Stock Analysis page.