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Wishpond Technologies Ltd V.WISH

Alternate Symbol(s):  WPNDF

Wishpond Technologies Ltd. is a Canada-based company. The Company is a provider of marketing-focused online business solutions. It provides digital marketing solutions that enable entrepreneurs to achieve success online. The Company's Propel IQ platform offers an all-in-one marketing suite that provides companies with marketing, promotion, lead generation, advertisement management, referral marketing, sales conversion and outbound sales automation capabilities on one integrated platform. It serves customers who are primarily small and medium-sized businesses (SMBs) in a variety of industries. The Company has developed marketing technology solutions, including an artificial intelligence (AI) powered Website builder, and continues to add new features and applications. It employs a Software-as-a-Service (SaaS) business model where most of the Company's revenue is subscription-based recurring revenue, which provides revenue predictability and cash flow visibility.


TSXV:WISH - Post by User

Post by Mythioton Jan 04, 2023 1:22pm
436 Views
Post# 35203087

IA Capital Markets reveals its 2023 stock picks

IA Capital Markets reveals its 2023 stock picksWishpond Technologies Ltd. (WISH-X) with a “buy” rating and $1.50 target. The average is $1.77.

“WISH remains undervalued despite 30-per-cent-plus year-over-year organic growth, positive Adj. EBITDA (11-per-cent margins last quarter), and robust FCF,” said Mr. Upadhyaya. “Company continues to perform amidst challenging market conditions for SMBs as its one-stop-shop marketing platform helps customers successfully execute their marketing strategies while simultaneously reducing S&M spend.”

“WISH is trading at just 1.3 times our C2023 revenue estimates, well below its peer group average of 5.8 times, presenting investors a strong entry point into the story; especially given that the Company, unlike most other high-growth SaaS companies, is profitable, has a robust balance sheet, and an unused credit facility of $6-million that will allow it to be opportunistic in the M&A market.”

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