Report
Frank Maaø
EUR 91.63 For Business Accounts Only

Smartoptics (Buy, TP: NOK21.00) - EPS momentum with 110% upside potential

Smartoptics beat our forecasts again, leading us to raise our forecasts and target price. The strong Q4 results were accompanied by management commentary that we consider bullish. While we recognise the weak sentiment for small-cap technology stocks, we believe a much stronger positive share-price reaction was warranted. We reiterate our BUY and see 110% upside potential from the current share price to our new target price of NOK21 (19).
Underlying
Provider
DnB Markets
DnB Markets

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.

 

Analysts
Frank Maaø

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