Kahoot’s Q3 results were broadly in-line with the recent trading update. We expect positive newsflow in the coming months, including our expectations for increased Q4 guidance in an upcoming trading update, and more data points from recent product launches which should support 2021 revenues. This comes in addition to several options on partnerships ahead. As such, we maintain our Buy rating but increase our estimates and target price to NOK 85 (64).
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Q3: Positioned for several growth pathways
- Published:
03 Nov 2020 -
Author:
Henriette Trondsen -
Pages:
15
Kahoot’s Q3 results were broadly in-line with the recent trading update. We expect positive newsflow in the coming months, including our expectations for increased Q4 guidance in an upcoming trading update, and more data points from recent product launches which should support 2021 revenues. This comes in addition to several options on partnerships ahead. As such, we maintain our Buy rating but increase our estimates and target price to NOK 85 (64).