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Tobii: Exciting times ahead - SEB

Tobii’s Q2 numbers were above expectations, primarily due to an upfront payment from Sony for the PSVR2 design win being recognised in the quarter, which consensus did not expect. In our view, management is optimistic about leveraging current momentum and sees great potential to generate additional design wins in key verticals ahead, which we would regard as case triggers. We reiterate our fair value range of SEK 43-52 (midpoint of SEK 47).

Tobii’s Q2 numbers were above expectations, primarily due to an upfront payment from Sony for the PSVR2 design win being recognised in the quarter, which consensus did not expect. In our view, management is optimistic about leveraging current momentum and sees great potential to generate additional design wins in key verticals ahead, which we would regard as case triggers. We reiterate our fair value range of SEK 43-52 (midpoint of SEK 47).
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