APX 0.00% $2.17 appen limited

Probable Trend Reversal For APX, page-615

  1. 118 Posts.
    lightbulb Created with Sketch. 8
    Macquarie
    RECOMMENDATION
    Outperform
    TARGET PRICE
    $43.00 %
    TO REACH TARGET 70.30%
    Appen has cut its 2020 operating income guidance on slower fourth quarter top-line growth and forex headwinds.
    Macquarie's revised forecasts peg revenue growth at 28% in FY20. Operating income margin is expected to expand in 2021, although management is cautious.Macquarie retains its Outperform rating with a target price of $43.
 
watchlist Created with Sketch. Add APX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.