Roth Capital analyst Darren Aftahi maintained a Buy rating on ICLICK INTERACTIVE ASIA GROUP LTD (ICLK) today and set a price target of $9.25. The company’s shares closed yesterday at $3.52, close to its 52-week low of $2.72.
Aftahi said:
“We expect a mostly in-line 3Q (FX-Neutral) when ICLK reports BMO on 11/28, although headline numbers could be impacted by foreign exchange rates. We expect ~50% y/y mobile revenue (a slight deceleration in rate of change terms), while adj. EBITDA remains positive. While we expect gross margins to be flat q/q, we believe new product launches, at scale, could provide complimentary revenue with greater visibility and margin profile in 2019. On sector multiple compression, we adjust PT to $9.25.”
According to TipRanks.com, Aftahi is a 5-star analyst with an average return of 7.5% and a 47.8% success rate. Aftahi covers the Technology sector, focusing on stocks such as Digital Turbine Inc, The Meet Group Inc, and Mitek Systems Inc.
ICLICK INTERACTIVE ASIA GROUP LTD has an analyst consensus of Moderate Buy, with a price target consensus of $9.25.
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The company has a one-year high of $11.40 and a one-year low of $2.72. Currently, ICLICK INTERACTIVE ASIA GROUP LTD has an average volume of 158.1K.
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iClick Interactive Asia Group Ltd. is a holding company, which engages in the development of online marketing technology platform. Its solutions are integrated in a single platform that include audience identification; audience engagement and activation; campaign results monitoring and measurement; and content creation solutions.
