Analyst Sam Dindol of Stifel Nicolaus maintained a Buy rating on Restore (RST – Research Report), with a price target of p380.00.
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Sam Dindol has given his Buy rating due to a combination of factors that highlight Restore’s strong market position and growth potential. The company has reported positive trading results for the first four months of 2025, with increased revenues driven by its core storage and highly contracted income streams. This consistent revenue generation underpins the company’s profitability and cash flow, providing a solid foundation for future growth.
Additionally, Restore’s strategic focus on mergers and acquisitions has been a significant driver of its expansion. The recent acquisitions, including Synertec and two bolt-ons within the Datashred division, are expected to enhance revenue and support the company’s growth strategy. The management’s confidence in achieving its full-year profit expectations, coupled with a compelling valuation at a forward P/E ratio of approximately 11x, further supports the Buy rating. The experienced leadership team and a history of successful acquisitions bolster confidence in Restore’s ability to create value and accelerate growth.