Qoria (FMZNF) has received a new Buy rating, initiated by Goldman Sachs analyst, Lindsay Bettiol.
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Lindsay Bettiol has given his Buy rating due to a combination of factors that highlight Qoria’s strong market position and growth potential. The company is well-positioned in the global technology sector, focusing on child cyber safety and wellbeing, which is increasingly gaining attention and funding. This favorable industry trend, coupled with Qoria’s significant market share gains in the US and its dominant position in the UK, supports a positive outlook.
Moreover, Qoria has the opportunity to increase its revenue from existing clients, such as schools and parents, while maintaining a relatively fixed cost base. This cost structure is expected to drive substantial free cash flow growth in the coming years. Despite recent increases in share price, Qoria is still considered attractively valued compared to other high-growth companies. The company’s revenue and EBITDA projections, along with its valuation metrics, further justify the Buy recommendation.
According to TipRanks, Bettiol is a 4-star analyst with an average return of 16.5% and a 50.77% success rate.
In another report released on August 29, Ord Minnett also maintained a Buy rating on the stock with a A$0.67 price target.