Future plc (FUTR – Research Report), the Communication Services sector company, was revisited by a Wall Street analyst yesterday. Analyst Peter McNally from Stifel Nicolaus maintained a Buy rating on the stock and has a p1,562.00 price target.
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Peter McNally’s rating is based on the positive momentum in Future plc’s US digital advertising and e-commerce sectors, which have continued to see growth, supported by stable audience trends. The company’s direct advertising is also gaining market share, providing further optimism despite mixed performance in the UK and B2B markets.
Moreover, the appointment of a new CEO, Kevin Li Ying, who has extensive experience within the company, is viewed as a strong commitment to the current strategy. With the stock trading at a relatively low valuation, McNally sees Future plc as offering good value, justifying the Buy rating.
According to TipRanks, McNally is ranked #9088 out of 9370 analysts.
In another report released on January 24, Barclays also maintained a Buy rating on the stock with a £12.05 price target.