* 125% Upside states Beacon after Q1 call - Bullish write-up *Beautiful* 125% upside according to an analyst who was on the conference call yesterday.
Buy Price Target remains at 3.50! This what Leung from Beacon wrote: "Wishpond is trading at “a very healthy” relative discount, with the stock at 4.0x forward sales compared to its peer group at above 10x. Along with his “Buy” rating, Leung has maintained his $3.50 target price, which is based on 10x 2022 EV/Sales and at the time of publication represented a projected 12-month return of 126 per cent. Aside from valuation, we believe Wishpond remains a compelling investment opportunity given the positive secular growth trends underlying the e-commerce industry, the company’s strong organic growth trends, cash flow positive operations, along with its strong M&A funnel."
https://www.cantechletter.com/2021/05/beacon-remains-bullish-on-wishpond-following-q1-results/