LiveTiles Ltd(ASX: LVT)
According to a note out of Citi, it has retained its buy rating and 91 cents price target on this software company’s shares after its recent update. Although LiveTiles appears to have fallen a touch short of the broker’s expectations in the second quarter, its analysts remain positive on its long-term prospects. Citi expects LiveTiles to achieve $100 million in annualised recurring revenues (ARR) by the second quarter of FY 2021. This compares to an ARR of $22.9 million at the end of December.
LVT Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
