Analyst Hannes Leitner of Jefferies maintained a Buy rating on BOKU (BOKU – Research Report), retaining the price target of p242.00.
Hannes Leitner has given his Buy rating due to a combination of factors, including the strong performance outlook shared by BOKU’s leadership at the Jefferies Pan-European MidCap Conference. The company’s CEO and CFO expressed a bullish sentiment regarding the 2024 operating results and a confident mid-term growth outlook, with an expectation of over 20% revenue growth. This growth is anticipated to be a baseline rather than a target, driven by robust trading momentum and a strong pipeline with existing clients.
Additionally, the favorable structural growth trend towards local payment methods supports the Buy rating. Digital wallets are expected to dominate global e-commerce payments by 2028, a trend that is not only prevalent in emerging markets but also in developed countries. This growth is further supported by central bank initiatives aimed at modernizing payment systems, such as Brazil’s PIX and India’s UPI, which are contributing to the expansion of local payment methods.
According to TipRanks, Leitner is ranked #1054 out of 9406 analysts.