Analysts at Berenberg initiated coverage on software-as-a-services firm Big Technologies with a 'buy' rating and 320.0p target price on Monday, branding the group as \"the big disrupter\".<\/p>\n
Berenberg stated Big Technologies was a disruptive company that entirely generates revenues from its criminal justice product, Buddi Smart Tag, which provides real-time tracking of monitored offenders on rehabilitative programmes.<\/p>\n
With the group taking market share from incumbents that operate on legacy technology by winning long-term government contracts, providing high revenue visibility, and its \"good<\/p>\n
pricing power\" and \"less price-sensitive\" customer base, Berenberg said Big Technologies was \"a good asset to own during inflationary cycles\".<\/p>\n
\"The group is expected to grow its top line and EPS by mid-teens percentages, as per our base case, but there is scope for c70% outperformance of our FY 2024 earnings estimate through a combination of more contract wins and highly accretive M&A in the next 12-15 months,\" said Berenberg.<\/p>\n
Berenberg also started coverage on digital content publisher LBG Media with a 'buy' rating and a 180.0p target price, stating that despite its short history as a public company, it believes that LBG has created \"a wide competitive moat\".<\/p>\n
The German bank praised LBG for its global audience of roughly 264.0m social media followers, its ability to reach 64% of the \"highly coveted, yet hard-to-reach\" 18-34-year-old demographic in the UK, and its \"vertical dominance\" in key interest areas.<\/p>\n
\"This makes it the industry-leading youth publisher, in our view. We believe there is no reason for LBG's audience growth or revenue per user to stagnate in FY 2022-24E, as consensus assumes. Coupled with ample firepower for further M&A, we believe LBG could materially outperform our base-case estimates,\" concluded the analysts.<\/p>\n
Reporting by Iain Gilbert at Sharecast.com<\/p>\n
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Berenberg initiates coverage on Big Tech and LBG Media at 'buy' - ShareCast<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Analysts at Berenberg initiated coverage on software-as-a-services firm Big Technologies with a 'buy' rating and 320.0p target price on Monday, branding the group as \"the big disrupter\". Berenberg stated Big Technologies was a disruptive company that entirely generates revenues from its criminal justice product, Buddi Smart Tag, which provides real-time tracking of monitored offenders on rehabilitative programmes Continue reading