James Wheatcroft, an analyst from Jefferies, maintained the Buy rating on Hacksaw AB. The associated price target is SEK100.00.
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James Wheatcroft has given his Buy rating due to a combination of factors, starting with Hacksaw AB’s ability to deliver quarterly results ahead of market expectations on both revenue and EBIT, while maintaining very strong margins above 80%. He also notes that growth remains robust on a year-on-year basis, supported by rising game activity and a steady pipeline of new in-house and third-party releases, even against challenging prior-year comparisons.
In addition, Wheatcroft highlights the company’s structural appeal as a high-return disruptor in online gambling, with a clear path to sustain elevated revenue growth over the medium term. He points to further upside from the scalable remote gaming server offering, a solid net cash position, and a valuation that, in his view, still only discounts modest growth, making the current multiples attractive relative to Hacksaw AB’s growth and profitability profile.
According to TipRanks, Wheatcroft is a 4-star analyst with an average return of 4.3% and a 46.70% success rate. Wheatcroft covers the Consumer Cyclical sector, focusing on stocks such as Entain plc, The Gym, and J D Wetherspoon.