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Leaddesk: Large deals back ARR growth - SEB

Leaddesk has announced four large deals over the past six months, proving the product’s competitiveness in the enterprise customer segment which is a crucial growth driver for the case. These deals also increase our confidence in the company’s ability to deliver the growth we expect. The short-term risks still relate to the integration of Loxysoft. In the context of rising interest rates and a lower peer valuation, we trim our fair value range to EUR 35-39.

Leaddesk has announced four large deals over the past six months, proving the product’s competitiveness in the enterprise customer segment which is a crucial growth driver for the case. These deals also increase our confidence in the company’s ability to deliver the growth we expect. The short-term risks still relate to the integration of Loxysoft. In the context of rising interest rates and a lower peer valuation, we trim our fair value range to EUR 35-39.
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