I am not sure too many people pay attention to the analysts forecasts and we said at the time her price target was certainly on the skinny side. But for those that do, I have no doubt (as all analysts do) she will find some way to bump up her forecasts, we are due a trading update and 4C in the not to distant future. Additionally, It was clear from her questions on the last earnings call that Ms. Shapiro was still getting to grips with the company and as we all know the more you look at and understand at Cogstate the more there is to like.
I also think this current run up has two major factors. Firstly, we are a fantastic, growing, CF positive, high visibility company and secondly, the inclusion in the All Ords is clearly a factor that is still playing out, you can see by the strong opening each morning that ETFs and less nimble instos are now a factor in our trading, a positive one currently but it might not always be the case.
CGS Price at posting:
$2.46 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)