Noble Securities increased the target price of Huuuge

DM Noble Securities analysts in the report of September 18 increased the target price of Huuuge shares to PLN 27.8 from PLN 25.4 before, while maintaining the “Buy” recommendation.

The report was issued at the exchange rate PLN 22.

“From our last recommendation, the share price increased by over 25 percent, and the company appeared information about a smaller decrease in revenues than we expected and attempts to enter the Igaming market. These are still too superficial changes to lead us to depart from the thesis about the continuation of the inheritance of revenues, but enough to reduce the rate of the expected loss, which caused our forehead. results ” – it was written in the report.

“That is why, despite the negative impact of strengthening, the PLN against USD raised the valuation from 25.4 to 27.8 PLN per share and upheld the 'Buy' recommendation ' – added.

The message is an abbreviation of the DM Noble Securities recommendation as part of the WSE analytical coverage support program. Its author is Mateusz Chrzanowski. The first spread of the report took place on September 18 at 19:00.

In the attachment we include a pdf file with a report. (PAP Biznes)

mcb/ gor/