Smartoptics (Buy, TP: NOK23.00) - Comps to burden near-term growth
With our analysis of the exceptional growth drivers in the past 12–18 months, we have materially reduced our 2023–2025 estimates on tougher near-term comparables. Despite this, we maintain our view on Smartoptics’ long-term attractiveness and positioning. We reiterate our BUY, but have lowered our target price to NOK23 (36) on our reduced forecasts.
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.