Prenumeration
Huddlestock Fintech AS (“Huddlestock” or the “Company”) has demonstrated high growth of 88% throughout the full year of 2023 and expanded the Company’s focus on achieving profitable growth. The strong value proposition and expanded product offering within Investment-as-a-Service has resulted in increased recurring revenues and a solid pipeline of new prospects, expected to drive new deals and growth in the near future. This, combined with a positive outlook for the Professional Service division in 2024, justifies a high activity throughout the year 2024. Huddlestock is estimated to reach a revenue of NOK 141M in 2024, and based on an applied EV/S target multiple of 4.1x, a potential fair value of NOK 2.4 (2.9) per share is derived in a Base scenario.
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This is a press release from Analyst Group regarding the publication of an equity research report on Huddlestock. Readers may assume that Analyst Group has received compensation for making the equity research report. The Company has not been given an opportunity to influence the parts where Analyst Group has had opinions about the Company, future valuation, or anything else that could be considered a subjective assessment.