Truecaller (Buy, TP: SEK55.00) - An investment quarter
We expect the Q4 report (due at 07:30 CET on 23 February) to highlight an investment quarter, with Truecaller aiming to improve brand recognition in tier 2/3 cities in India as well as the US. This also seems reflected in consensus; we are 2% above consensus on EBITDA. We reiterate our BUY and SEK55 target price.
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