Shlomo Rosenbaum, an analyst from Stifel Nicolaus, has initiated a new Buy rating on NIQ Global Intelligence PLC (NIQ).
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Shlomo Rosenbaum has given his Buy rating due to a combination of factors that highlight the promising trajectory of NIQ Global Intelligence PLC. The company has shown significant improvement since being taken private in 2021, transitioning from declining revenues to achieving mid-single-digit organic revenue growth. This positive shift is supported by substantial investments in technology and strategic acquisitions, which have enhanced operational efficiency and expanded the company’s market reach.
Furthermore, NIQ’s strong presence in over 90 countries and its substantial customer base, including 80% of the Fortune 100, underscore its market position. With approximately 68% of its revenue derived from multi-year subscription contracts, the company enjoys a stable and predictable revenue stream. Rosenbaum anticipates further margin expansion and de-leveraging potential in the coming years, projecting EBITDA margins to rise from 18.5% in 2024 to nearly 24% by 2027, alongside a reduction in net leverage. These factors collectively contribute to the Buy rating, despite some risks associated with the company’s ongoing turnaround and market dynamics.
According to TipRanks, Rosenbaum is ranked #1631 out of 9917 analysts.
In another report released today, Barclays also maintained a Buy rating on the stock with a $24.00 price target.