Hannes Leitner, an analyst from Jefferies, maintained the Buy rating on BOKU. The associated price target remains the same with p250.00.
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Hannes Leitner has given his Buy rating due to a combination of factors that highlight Boku’s strong financial performance and positive outlook. The company reported impressive results for the first half of 2025, surpassing expectations across various metrics. Boku’s revenue grew significantly, with a constant currency increase of at least 37% to over $63 million, which was well above the forecasted $57 million. Additionally, the adjusted EBITDA margin was higher than anticipated, reaching 33% compared to the expected 32%.
Another contributing factor to the Buy rating is the substantial growth in Boku’s Local Payment Methods (LPM), which saw a year-over-year increase of approximately 90%, now accounting for over 35% of the company’s revenue mix. This growth is attributed to new connections and an improved take rate. Furthermore, Boku has upgraded its guidance for 2025, projecting a 31% increase in revenue to around $127 million, which exceeds consensus estimates by $7 million. The EBITDA forecast is also slightly ahead of expectations, reinforcing a positive sentiment towards the stock.
In another report released on July 15, Deutsche Bank also initiated coverage with a Buy rating on the stock with a p320.00 price target.