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 linked to Hacksaw’s strong growth and profitability profile. The latest quarter showed robust top-line expansion in constant currency and a substantial increase in Adjusted EBIT, with margins exceeding 80%, supported by rising game activity and a healthy pipeline of new in-house and third-party titles.
Hacksaw also demonstrated shareholder-friendly capital allocation through a high dividend payout and a notable share repurchase program. In Wheatcroft’s view, the company remains a high‑return disruptor in online gambling, with clear visibility on sustaining growth above 30%, a solid net cash position, and a plug‑and‑play platform that can unlock further upside, while the current EV/EBITDA multiple implies only modest medium‑term growth in the valuation.
Wheatcroft covers the Consumer Cyclical sector, focusing on stocks such as Entain plc, Flutter Entertainment PLC, and The Gym. According to TipRanks, Wheatcroft has an average return of 4.5% and a 46.15% success rate on recommended stocks.