Barclays upgraded Rightmove (RTMVY) to Equal Weight from Underweight with a 700 GBp price target The company has pricing power, subscription revenue, high margins and a “clean” balance sheet, making an Underweight rating challenging in an uncertain macro environment, the analyst tells investors in a research note.
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
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RTMVY:
- Sell Rating for Rightmove Amid Global Recession Risks and Market Valuation Concerns
- Rightmove added to European Conviction List at Goldman Sachs
- Rightmove resumed with a Buy at Goldman Sachs
- Rightmove price target raised to 735 GBp from 650 GBp at Morgan Stanley
- Rightmove price target raised to 795 GBp from 775 GBp at Berenberg
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue