Evolution Gaming Group AB (EVO – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst James Wheatcroft from Jefferies maintained a Buy rating on the stock and has a SEK1,350.00 price target.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
James Wheatcroft’s rating is based on a combination of factors that suggest a positive outlook for Evolution Gaming Group AB despite some short-term challenges. The company’s proactive regulatory measures might temporarily affect revenue growth and margins, but these actions are expected to lead to a favorable re-rating in the future.
Wheatcroft anticipates a significant growth trajectory that is not yet reflected in the current valuation, with the stock trading at a lower EV/EBITDA multiple compared to historical levels. Additionally, a strong free cash flow yield supports the company’s substantial share buyback program, indicating confidence in its financial health and future prospects.
In another report released on May 14, Citi also maintained a Buy rating on the stock with a SEK1,165.00 price target.
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue