Redeye initiates coverage of Truecaller, the world’s leading platform for verifying contacts and blocking unwanted calls and messages. Redeye argues that Truecaller is set to grow profits handsomely through a combination of growing the user base and ARPU, adoption of the enterprise offering, and high operating leverage. Redeye sees solid upside potential and views Truecaller as a long-term compounder.
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