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23-09-2020, 01:40 PM
#2341
Originally Posted by gbogo
Jarden upgrade to Outperform with target $9.30 from $6.54
Must have been a bit embarrassing for them having a target of 654 when share price has been so strong
Guess no good eh
”When investors are euphoric, they are incapable of recognising euphoria itself “
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23-09-2020, 02:06 PM
#2342
Junior Member
Credit Suisse (Jarden) rates Pushpay as Outperform
The broker expects FY21 to be "remarkable" with a shift to digital donations accelerating significantly and the platform becoming indispensable to clients. While acceleration over the last six months may be a pulling forward of demand and creating a challenging base to cycle in FY22 the broker still envisages a significant opportunity.
Credit Suisse also expects Pushpay to exceed FY21 guidance of US$50-54m (EBITDAF), forecasting US$57.2m. Outperform retained. Target rises to NZ$9.30 from NZ$6.54.
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23-09-2020, 07:48 PM
#2343
Member
Lots of mixed messages with some of the executives selling shares, along with Kabouter selling down their stake to sub 5%, against the backdrop of brokers optimistic target prices (Jarden target price of $9.30 with Forsyth Barr forecasting $12.00+). I see room for growth on the current share price as I believe that PPH will indeed beat the FY21 forecast significantly and that's always well rec'd by the market.
Discl: holder
Last edited by Mel; 23-09-2020 at 07:50 PM.
Reason: sp
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23-09-2020, 08:46 PM
#2344
Originally Posted by Mel
Lots of mixed messages with some of the executives selling shares, along with Kabouter selling down their stake to sub 5%, against the backdrop of brokers optimistic target prices (Jarden target price of $9.30 with Forsyth Barr forecasting $12.00+). I see room for growth on the current share price as I believe that PPH will indeed beat the FY21 forecast significantly and that's always well rec'd by the market.
Discl: holder
Sell downs rarely mean anything especially after sp run ups.
The people selling aren't geniuses of the stock market and don't have excellent valuation methods that somehow
make them pick a top.
I think selling based on that would not have been a very smart thing to do.
I do think the november report will be good but we will see these guys dont really provide interim updates
which is a good and bad thing
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23-09-2020, 09:00 PM
#2345
https://www.goodreturns.co.nz/articl...et-higher.html
Local tech company Pushpay Holdings led the NZX 50 higher, rising 5.8 percent to $8.20, spurred on by another analyst's view.
Research firm Jarden upgraded the stock to ‘outperform’ and hiked its target price to $9.30, adding a hefty $2.76 to its previous target.
“Pushpay was always going to be strong today because the US tech sector had a good night and it shares that thematic, but it will have been helpful to have a broker push through an upgrade,” said Mark Lister, head of private wealth research at Craigs Investment Partners.
The analysts said in a note they expect three years of growth to be compressed into one, bringing a 55 percent increase in donation volume and corporate earnings growth of 128 percent.
“FY21 will be a remarkable year in Pushpay’s trajectory, with the shift to digital donations accelerating significantly, and its platform becoming indispensable to clients,” they wrote.
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24-09-2020, 10:50 AM
#2346
Originally Posted by sb9
https://www.goodreturns.co.nz/articl...et-higher.html
Local tech company Pushpay Holdings led the NZX 50 higher, rising 5.8 percent to $8.20, spurred on by another analyst's view.
Research firm Jarden upgraded the stock to ‘outperform’ and hiked its target price to $9.30, adding a hefty $2.76 to its previous target.
“Pushpay was always going to be strong today because the US tech sector had a good night and it shares that thematic, but it will have been helpful to have a broker push through an upgrade,” said Mark Lister, head of private wealth research at Craigs Investment Partners.
The analysts said in a note they expect three years of growth to be compressed into one, bringing a 55 percent increase in donation volume and corporate earnings growth of 128 percent.
“FY21 will be a remarkable year in Pushpay’s trajectory, with the shift to digital donations accelerating significantly, and its platform becoming indispensable to clients,” they wrote.
"Indispensable" is a big call. That would give Pushpay a huge moat. I'm liking the sound of that.
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24-09-2020, 12:48 PM
#2347
Originally Posted by tango
"Indispensable" is a big call. That would give Pushpay a huge moat. I'm liking the sound of that.
With Sep period almost coming to end, they should've good idea about how the numbers are tracking for 1H. Hopefully they will provide a trading update in the not too distant future.
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24-09-2020, 01:48 PM
#2348
Member
Interesting that after the Sharesies lunch podcast where they interviewed Bruce Gordon the share price has gone up. Starting from 1pm when the podcast finished.
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24-09-2020, 01:56 PM
#2349
Originally Posted by DazRaz
Interesting that after the Sharesies lunch podcast where they interviewed Bruce Gordon the share price has gone up. Starting from 1pm when the podcast finished.
Oh, didn't know this event was on. Got a link to watch this again somewhere?
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24-09-2020, 02:03 PM
#2350
Member
Originally Posted by sb9
Oh, didn't know this event was on. Got a link to watch this again somewhere?
Not anywhere I can get to just now. Try their site.
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