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An update from Truecaller AB Class B ( ($SE:TRUE.B) ) is now available.
Truecaller has achieved a significant milestone by surpassing 100 million monthly active users in the Middle East and Africa (MEA) region, marking a 19% year-on-year growth. This growth aligns with the increasing smartphone and mobile data adoption in the region, where Truecaller is used on 20-45% of connected smartphones in key markets such as Egypt, Nigeria, and South Africa. The company is committed to strengthening its organization and partnerships in MEA, anticipating continued growth in these mobile-first markets.
The most recent analyst rating on ($SE:TRUE.B) stock is a Buy with a SEK79.00 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 is a leading global platform specializing in verifying contacts and blocking unwanted communications. It aims to foster safe and relevant conversations between individuals and businesses, particularly in emerging markets where fraud and unwanted communication are prevalent. Truecaller, listed on Nasdaq Stockholm since October 2021, is an integral part of daily communication for over 450 million active users worldwide.
Average Trading Volume: 1,093,779
Technical Sentiment Signal: Sell
Current Market Cap: SEK16.51B
For a thorough assessment of TRUE.B stock, go to TipRanks’ Stock Analysis page.