Analyst David Amiras from Bank of America Securities reiterated a Buy rating on RELX plc (RLXXF – Research Report) and keeping the price target at p4,800.00.
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David Amiras has given his Buy rating due to a combination of factors that highlight the promising growth potential of RELX plc, particularly in its Legal division. The company’s strategic focus on leveraging generative AI technologies, such as the Lexis+ AI platform, is expected to drive significant growth. This platform reportedly offers substantial returns on investment for law firms, which supports the continued expansion of RELX’s Legal AI offerings.
Moreover, the adoption of Legal AI is reportedly leading to increased efficiency and productivity within the legal industry, with potential for strong double-digit yield improvements. The early feedback from industry experts suggests that RELX is well-positioned to capitalize on this trend, despite the current mixed user experience. The company’s ability to enhance productivity and offer pricing power in its Legal division further underpins the Buy rating, as these factors are likely to contribute to sustained revenue growth and market leadership.
In another report released on April 30, Barclays also maintained a Buy rating on the stock with a £44.50 price target.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RLXXF in relation to earlier this year.