Bildkälla: Stockfoto

Leaddesk: Uncertainty to slow down ARR growth - SEB

Ahead of Leaddesk’s H1 report, we lower our estimates, as we think the current uncertainty and abnormal situation in the energy sector will impact growth. We also lower our fair value range to EUR 23-25 (EUR 30-34), as our peer group comparison now weighs short-term EV/EBITDA rather than EV/sales. However, we find the underlying growth drivers intact and see hefty upside from the current valuation.

Ahead of Leaddesk’s H1 report, we lower our estimates, as we think the current uncertainty and abnormal situation in the energy sector will impact growth. We also lower our fair value range to EUR 23-25 (EUR 30-34), as our peer group comparison now weighs short-term EV/EBITDA rather than EV/sales. However, we find the underlying growth drivers intact and see hefty upside from the current valuation.
Börsvärldens nyhetsbrev
ANNONSER