Analysts still with nonsense
The improving sentiment toward Appen and its new management prompt Canaccord Genuity analysts to raise their earnings forecasts for the Australian data-annotation provider. They raise their FY 2024 and FY 2025 Ebitda forecasts by 22% and 16%, respectively, citing positive anecdotal evidence on the strength of Appen's China franchise and its new proactive sales strategy.
Errr... Appen is more than a data company it has the products to completely phase out customer service and repetitive employment. Companies that want to save big dollars and expand margins - there is really only one shop in town that is able to do this.
Best looking chart on the ASX, page-125
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