latest comment NBF -cantechletter.comNot encouraging to me .
Thinkific Labs (Thinkific Labs Stock Quote, Charts, News, Analysts, Financials TSX:THNC)
Rating: Outperform
Target Price: $5.00 (previously $6.00)
Projected Return: 176 per cent
Online learning platform Thinkific Labs should have an in-line Q2, according to Tse, who added that increased pricing and the resultant higher churn along with signs of lower discretionary spend may together bring adjusted EBITDA to the lower end of management’s guidance.
Tse has lowered his target on expectations of lower demand for Thinkific’s services over the short term with global reopenings and lower discretionary spend.
“We continue to see Thinkific as an early leader in the online learning market with a competitive platform for content creators. With incremental growth drivers such as Thinkific Payments and the Thinkific App Store, we still see a meaningful runway of growth, particularly from ARPU expansion for existing customers,” Tse wrote.