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Onsdag 28 Oktober | 20:02:50 Europe / Stockholm

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Redeye

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Penneo - Softer ARR Growth While NRR Remained Solid

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Penneo - Softer ARR Growth While NRR Remained Solid

2021-11-29 09:45:00

Redeye lowers its Base case and its forecast following Penneo’s recent slightly adjusted ARR guidance. While we expect the growth and the operational momentum to continue as the solid Q3 suggest despite the minor ARR adjustment, our Base case remains significantly higher than the current share price. However, the short-term forecast is slightly revisited.

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This is a press release from Redeye - Research Powered Investment Banking. www.redeye.se/