TSXV:WISH - Post Discussion
Post by
Mythiot on Jan 04, 2023 1:22pm
IA Capital Markets reveals its 2023 stock picks
Wishpond 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.” Link
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