Great comments. The $5 to $10 is entirely in play. Macro is always important. Nuix will get swept along in that if it plays out. As some macro risks evaporate, others appear. The bear case in USA has disappeared. Inflation dropping. AI invigorating growth stocks. Software and hardware (chips). If there is a significant move back to growth, Nuix will do well.
Micro, Nuix is ticking all the boxes. AI, growing, growth industry, moat in Aust, good industry investors, potential for more larger investors, has a moat in marketing. Core message which many companies do not have. Force for good is catchy. Great people on fire. This list goes on.
The liabilities that have disappeared. COVID, as they went public. No travel. Old CEO gone. Even he contributed a great deal to Nuix. Thanks bro. But Nuix need refresh. Old look. New web site is world class marketing. Nuix went public without tools or people to meet expectations. These have been largely overcome and Nuix is more mature. Tribulations can breed success if met responsibly. I believe Nuix are doing this. Can the board become more mature and responsible, yes.
The next report in 6 months is critical. How much is the industry growing. How much share is Nuix taking. How innovative is Nuix becoming. Is Nuix still transforming to cement a moat. Can they beat the big boys. How well will they execute AI. Many more questions.
If the macro plays out positively, $5 within 18 months. If they continue to get their shit together, $10 in 36 months. With wins in court.
NXL Price at posting:
$1.10 Sentiment: None Disclosure: Held
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