Betsson (Buy, TP: SEK140.00) - A revision story with momentum
We reiterate our BUY and have raised our target price to SEK140 (120), having increased our 2023e EPS by c20% to reflect the strong revenue-growth trend, the Q1 earnings beat and the positive start to Q2. Our updated 2023e EBIT is notably above (Infront, pre-Q1) consensus. We see more upside potential from Latam growth and ROI-focused expansion.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.