Ord Minnett rates APX as Buy (1) -
Artificial intelligence data provider Appen delivered a "reassuring" update, says Ord Minnett, with management maintaining operating earnings guidance of US$83-90m for the full year.
The company will undergo a reorganisation and a change in reporting currency to US dollars from August 2021.
In Ord Minnett’s view, these changes will lead to more clarity on the growth in the business and Appen is expected to benefit via some cost savings. The company expects an earnings skew to the second half led by the return of some previously deferred projects.
Buy recommendation with a $24.75 target price.
Target price is $24.75 Current Price is $13.20 Difference: $11.55
If APX meets the Ord Minnett target it will return approximately 88% (excluding dividends, fees and charges).Current consensus price target is $22.23, sugges
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Last
$1.17 |
Change
0.040(3.54%) |
Mkt cap ! $309.9M | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.22 | $1.15 | $15.24M | 12.79M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 44610 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 29898 | 4 |
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| Last trade - 16.10pm 04/07/2025 (20 minute delay) ? |
| APX (ASX) Chart |