EQS-News: CCBI Issued Updated Report on iClick (NASDAQ: ICLK) Maintained Outperform and Raised Target Price from US$10.10 to US$18
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Tuesday, January 19, 2021
CCBI Issued Updated Report on iClick (NASDAQ: ICLK)
Key Points:
- CCBI Issued Updated Report on iClick (NASDAQ: ICLK)
CCBI issued an updated report on iClick Interactive Asia Group Limited (NASDAQ: ICLK) on 18 January 2021, reiterating its Outperform rating with a target price of US$18, which represents an upside of 53% from the closing price of US$11.79 as at 15 January 2021. - This would boost business scale and achieve better profitability, and CCBI expects Marketing Solutions revenue will grow 18% and 17% in 2020F and 2021F, respectively.
- Whereas its SaaS-based enterprise solution, CCBI believes iClick has a bright outlook for the business.
- With its diversifying marketing solutions, growing SaaS business and strong partner network, CCBI reiterates its Outperform rating, and raises the target price from US10.1 to US$18.