Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

DGAP-News: CLIQ Digital AG: QUIRIN initiates coverage on CLIQ Digital with 'BUY' rating and EUR 10.00 target price


DGAP-News: Cliq Digital AG / Key word(s): Research Update
CLIQ Digital AG: QUIRIN initiates coverage on CLIQ Digital with 'BUY' rating and EUR 10.00 target price

17.06.2020 / 10:36
The issuer is solely responsible for the content of this announcement.


Corporate News

CLIQ Digital AG: QUIRIN initiates coverage on CLIQ Digital with 'BUY' rating and EUR 10.00 target price

Dusseldorf, June 17, 2020 - The Analysts of QUIRIN Privatbank Equity Research have initiated coverage on the CLIQ Digital share (ISIN DE000A0HHJR3, GSIN A0HHJR), a leading digital lifestyle company, providing consumers worldwide with streaming entertainment services. Based on the Company's inspiring growth perspectives the independent analysts give a buy recommendation with a target price of EUR 10.00. This equates to an upside potential to the current share price of approx. 90%.

In QUIRIN's initial study, analysts Ralf Marinoni and Jannik Lucas state: "CLIQ Digital to benefit from rising demand for streaming content." QUIRIN continues: "Research institute Newszoo expects games market volume to grow at 8.3% CAGR throughout 2023e. Revenue in the Video Streaming (SVoD) segment is expected to show an annual growth rate (CAGR 2020-2024) of 4.1%. Revenue in the Digital Music segment is expected to show an annual growth rate (CAGR 2020-2024) of 4.6%. Given CLIQ's sales growth over the next year, the company should outperform the market."

The research study is available on the CLIQ Digital AG website under:
https://cliqdigital.com/blog/front-IR/analysts/


About CLIQ Digital:
CLIQ Digital (www.cliqdigital.com) is a leading digital lifestyle company, providing consumers worldwide with streaming entertainment services. Members get access to music, audiobooks, games, sports and movie content. The core business of the Group is the online direct marketing of its streaming entertainment services to consumers globally. In 2019 CLIQ Digital realized over 90% of its sales in Europe and North America. CLIQ Digital's headquarter is based in Dusseldorf and has offices in Amsterdam, London, Paris, Barcelona and Tequesta, Florida. The Group, employs approximately 100 staff and is listed in the Scale (30) segment at the Frankfurt Stock Exchange (ISIN DE000A0HHJR3).

Contact:
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel.: +49 (0) 089 125 09 03-33
E-Mail: sh@crossalliance.de
www.crossalliance.de



17.06.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Cliq Digital AG
Immermannstr. 13
40210 Düsseldorf
Germany
E-mail: investor@cliqdigital.com
Internet: www.cliqdigital.com
ISIN: DE000A0HHJR3
WKN: A0HHJR
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1071783

 
End of News DGAP News Service

1071783  17.06.2020 

fncls.ssp?fn=show_t_gif&application_id=1071783&application_name=news&site_id=sharewise

Try our new sharewise academy

Learn everything about the market

Cliq Digital AG Stock

€18.90
-1.580%
A loss of -1.580% shows a downward development for Cliq Digital AG.
We see a rather positive sentiment for Cliq Digital AG with 6 Buy predictions and 2 Sell predictions.
On the other hand, the target price of €12.00 is below the current price of €18.90 for Cliq Digital AG, so the potential is actually -36.508%.
Like: 0
Share
EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




Comments