The Stocks with the Biggest Broker Upgrades
Data#3 held its 2023 Investor Day on November 16, without marking the announcement as price sensitive. Morgan Stanley analysts left the investor day with "greater conviction that mid-teens EPS is achievable versus low-teens consensus."
The key takeaways from the note include:
- Managed services contracts are margin dilutive in their first year due to the timing of revenue (straight line) and costs (weighted towards year one)
- Managed services margins expand as contracts mature from year 2
- Data#3's onboarding capacity reached full utilisation in 2022, limiting the number of new contracts. This constraint eased in the second half of 2023, leading to increased onboarding and a temporary hit to gross margins
- IT growth is forecast to accelerate from 5.8% in 2023 to 7.8% in 2024, where Data#3 have historically grown at 2-4 times system growth
- Data#3 is well positioned to capitalise on AI opportunities, including early access to Microsoft 365 Copilot and other initiatives
https://www.marketindex.com.au/asx/dtl/news
- Forums
- ASX - By Stock
- Ann: Becoming a substantial holder
The Stocks with the Biggest Broker Upgrades Data#3 held its 2023...
Featured News
Add DTL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$7.68 |
Change
-0.020(0.26%) |
Mkt cap ! $1.188B |
Open | High | Low | Value | Volume |
$7.75 | $7.80 | $7.65 | $2.909M | 377.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1079 | $7.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.68 | 1260 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 91 | 7.660 |
3 | 2616 | 7.650 |
2 | 3118 | 7.640 |
1 | 1221 | 7.630 |
2 | 12384 | 7.610 |
Price($) | Vol. | No. |
---|---|---|
7.680 | 1260 | 2 |
7.700 | 130 | 1 |
7.720 | 1221 | 1 |
7.730 | 3721 | 3 |
7.740 | 1221 | 1 |
Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
|
|||||
Last
$7.68 |
  |
Change
-0.020 ( 0.52 %) |
|||
Open | High | Low | Volume | ||
$7.76 | $7.77 | $7.66 | 55707 | ||
Last updated 15.59pm 16/05/2024 ? |
Featured News
DTL (ASX) Chart |