Corporate News

CLIQ Digital AG: QUIRIN initiates coverage on CLIQ Digital with 'BUY' rating and EUR 10.00 target price

Dusseldorf, June 17, 2020 - The Analysts of QUIRIN Privatbank Equity Research have initiated coverage on the CLIQ Digital share (ISIN DE000A0HHJR3, GSIN A0HHJR), a leading digital lifestyle company, providing consumers worldwide with streaming entertainment services. Based on the Company's inspiring growth perspectives the independent analysts give a buy recommendation with a target price of EUR 10.00. This equates to an upside potential to the current share price of approx. 90%.

In QUIRIN's initial study, analysts Ralf Marinoni and Jannik Lucas state: "CLIQ Digital to benefit from rising demand for streaming content." QUIRIN continues: "Research institute Newszoo expects games market volume to grow at 8.3% CAGR throughout 2023e. Revenue in the Video Streaming (SVoD) segment is expected to show an annual growth rate (CAGR 2020-2024) of 4.1%. Revenue in the Digital Music segment is expected to show an annual growth rate (CAGR 2020-2024) of 4.6%. Given CLIQ's sales growth over the next year, the company should outperform the market."

The research study is available on the CLIQ Digital AG website under:

About CLIQ Digital:
CLIQ Digital () is a leading digital lifestyle company, providing consumers worldwide with streaming entertainment services. Members get access to music, audiobooks, games, sports and movie content. The core business of the Group is the online direct marketing of its streaming entertainment services to consumers globally. In 2019 CLIQ Digital realized over 90% of its sales in Europe and North America. CLIQ Digital's headquarter is based in Dusseldorf and has offices in Amsterdam, London, Paris, Barcelona and Tequesta, Florida. The Group, employs approximately 100 staff and is listed in the Scale (30) segment at the Frankfurt Stock Exchange (ISIN DE000A0HHJR3).

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