Truecaller (Buy, TP: SEK80.00) - Case for 2025 yet to unfold
We expect solid Q4 revenues, but given our higher incentive cost estimate, we are 5% below consensus on EBITDA (results due at 07:30 CET on 18 February). However, key to the case in our view is the recent launch of Truecaller’s iOS product, which we believe will drive solid revenue growth and consensus higher. We reiterate our BUY, and have raised our target price to SEK80 (60).
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.