Analyst Hannes Leitner from Jefferies reiterated a Buy rating on BOKU and increased the price target to p324.00 from p275.00.
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Hannes Leitner has given his Buy rating due to a combination of factors highlighting Boku’s promising growth potential. The company is capitalizing on robust market dynamics, which are supported by strong partnerships with major e-commerce merchants. Additionally, Boku is actively expanding its product offerings, including treasury services, foreign exchange solutions, and a payments marketplace, which are expected to drive further growth.
Leitner believes that Boku is strategically positioned to exceed its mid-term growth targets, projecting an annual growth rate of over 20% in the foreseeable future. This optimistic outlook is reinforced by the company’s ability to leverage its existing strengths while innovating and diversifying its product lineup, making it a compelling investment opportunity.
According to TipRanks, Leitner is a 5-star analyst with an average return of 14.7% and a 63.58% success rate. Leitner covers the Technology sector, focusing on stocks such as Adyen, BOKU, and Wise PLC Class A.
In another report released on October 7, UBS also initiated coverage with a Buy rating on the stock with a £3.00 price target.