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
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:
17.06.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Cliq Digital AG|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1071783|
|End of News||DGAP News Service|
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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%.