Penneo: Maintained guidance implies accelerated ARR growth
Research Update
2022-11-28
07:20
Redeye makes forecast adjustments on the back of Penneo’s Q3 report, which showed an ARR slightly below our expectations, while the company kept its full-year 2022 ARR and EBITDA guidance, implying that the growth needs to pick up in Q4. Altogether, the minor forecast adjustments and a somewhat increased WACC slightly affect our fair value range.
JS
FN
Jacob Svensson
Fredrik Nilsson
Disclosures and disclaimers