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SENASTE
We find Leaddesk’s Q2 performance promising despite headline sales coming in below our estimate. The price hikes are kicking in and the company is gaining customers on the SME side while the Enterprise segment remains muted. Leaddesk is currently working actively to develop its AI features, which is highly important in order to keep/improve its market position. Our fair value range is slightly down to EUR 13-15 from EUR 14-16.
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