Kevin Mcveigh, an analyst from UBS, has initiated a new Buy rating on NIQ Global Intelligence PLC (NIQ).
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Kevin Mcveigh has given his Buy rating due to a combination of factors that highlight NIQ Global Intelligence PLC’s strong growth potential and strategic positioning. The company is expected to achieve approximately 5% organic revenue growth from 2024 to 2027, driven by its extensive data capabilities, unified measurement tools, and long-standing client relationships. With the stock currently trading below its potential, the market appears to be undervaluing the impact of NIQ’s revenue growth and operational efficiencies.
NIQ provides critical insights into consumer behavior for brands and retailers, leveraging proprietary data and analytics across a vast client base in over 90 countries. The company’s high barriers to entry and integration into client workflows reduce the risk of disintermediation. Additionally, NIQ’s recent business transformation, including significant investments and the launch of AI tools like Ask Arthur, positions it well for future growth. These factors, combined with expected improvements in EBITDA margins and free cash flow, support the Buy rating with a price target of $24.
In another report released today, Barclays also maintained a Buy rating on the stock with a $24.00 price target.