Down 10% YTD but Jefferies’ bullish target suggests 71% upside for this stock
In its base case scenario, Jefferies expects the company to clock a consolidated revenue growth of 17 per cent compounded annually over FY22-25. It sees Ebitda margins improving by 80 basis points over this period and pegs EPS growing a 22 per cent CAGR during the same period. Its target PE at 35 times is broadly in-line with the stock’s last 3-year average multiple.
