Start of coverage: Oppenheimer gives a 42% upside to the productivity stock – the capital market

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Oppenheimer Investment Bank is beginning to survey the dual digital marketing solutions company


Productivity Network
+0.54%






Productivity Network


Base:2,240

opening:2,190

Tall:2,277

low:2,190

change:909,460

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(NYSE: PERI), giving it an “over-yield” recommendation, with a $ 9 target price per share, an upside of about 42% over the Nasdaq stock base price.

The bank does estimate that organic revenues fell by 13% in 2020 due to the spread of the corona virus. However in 2021 they expect revenues to increase by at least 8%, which should lead to a 38% decrease in annual EBITDA, and an increase of 23% and 27% in 2021-2022 respectively.

According to the review, the company’s target market is estimated at $ 102 billion in 2020, with an estimated market share of 0.3%. According to them, “Our and the company’s macro assessments conservatively assume that its share will remain constant until 2025, alongside the upside resulting from the recent acquisitions it has reported.

Lost just 8 cents a share and beat forecasts
Last month, the company reported second-quarter results, with revenue of $ 60.3 million, along with a loss of 8 cents a share. Analysts had expected revenue of $ 53.6 million on a loss of 9 cents a share. At an annual level, productivity is expected to end 2020 with revenues of $ 276-286 million – well above analysts’ expectations.

Summary of financial results

Source: Productivity Network

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