Goldman Sachs has initiated coverage on Altium with a buy rating and $28.50 price target.
The broker has forecast Altium growing its earnings before interest and tax by a compound annual growth rate of +34% over the next three years.
At “25x FY20 EV/EBIT, we believe ALU screens as attractive relative to ANZ tech peers trading on 31x delivering 3 year EBIT CAGR of 30%.”
Fool Australia article
- Forums
- ASX - By Stock
- ALU
- Media articles
Media articles
-
-
- There are more pages in this discussion • 128 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ALU (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online