Kahoot (Buy, TP: NOK75.00) - On track
Kahoot’s share price has come off significantly despite increased revenue guidance for Clever. We have tweaked our 2022 billings forecasts as well as our long-term revenue recognition and margin estimates owing to a periodic forecast overhaul, leading to our new target price of NOK75 (83). We reiterate our BUY.
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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