Kahoot (Buy, TP: NOK98.00) - Earning from learning
Kahoot is an education technology SaaS provider that has seen ‘viral’ user growth for several years. It has successfully begun its monetisation journey, while deploying an M&A strategy to build a leading e-learning ecosystem with an enjoyable and engaging user experience across the platform. While we recognise the valuation is demanding, we still see upside potential and initiate coverage with a BUY and NOK98 target price.
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.
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