Suhasini Varanasi, an analyst from Goldman Sachs, has initiated a new Hold rating on Verisure Plc (VSURE).
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Suhasini Varanasi’s rating is based on Verisure Plc’s position as a leading company in the professional monitoring and response sector across Europe and Latin America. The company is expected to generate approximately €3.1 billion in annual contracted revenues by 2024.
Despite the company’s strong market position and projected revenue growth, with a compound annual growth rate of around 9% from 2025 to 2029, the Hold rating reflects a balanced view of its growth prospects. This growth is anticipated to be driven by an 8% annual increase in net new subscribers, a 7% attrition rate, and a 2% rise in average revenue per user.