Kahoot again beat expectations, both on guidance for Q4 and 2021. The latter should imply a good start into 2021. We see several catalysts for strong organic revenue growth in the coming months. With a strong balance sheet, Kahoot has the potential also to make accretive acquisitions or establish new partnerships. The company is preparing for a main listing in Q1/21. We maintain our Buy rating and increase our estimates and target price to NOK 160 (85).
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Making (l)earning awesome
- Published:
06 Jan 2021 -
Author:
Henriette Trondsen -
Pages:
14
Kahoot again beat expectations, both on guidance for Q4 and 2021. The latter should imply a good start into 2021. We see several catalysts for strong organic revenue growth in the coming months. With a strong balance sheet, Kahoot has the potential also to make accretive acquisitions or establish new partnerships. The company is preparing for a main listing in Q1/21. We maintain our Buy rating and increase our estimates and target price to NOK 160 (85).