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Onsdag 28 Oktober | 19:02:13 Europe / Stockholm

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Redeye

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Truecaller - Priced to Never Rise Again

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Truecaller - Priced to Never Rise Again

2023-10-30 09:56:00

Redeye states that while the Q3 report was a clear dissapointment, the share-price reaction was overly dramatic. Redeye lowers its estimates and raises its WACC, causing a reduction of its fair value range. Nevertheless, Redeye thinks the company is now priced as if the ads market will never bounce back again.

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