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Investing.com - Berenberg has reiterated its Buy rating and £8.25 price target on Bloomsbury Publishing PLC (LON:BMY) following the company’s H1 2026 results released Thursday.
The publisher now expects its full-year 2026 results to exceed consensus estimates, driven primarily by strong growth in academic profit before tax and amortization (PBTA), which increased 24% year-over-year due to a previously announced AI licensing agreement.
In response to the positive outlook, Berenberg has increased its FY26 PBTA estimate by 6.5%, noting that Bloomsbury continues to demonstrate its ability to publish bestselling authors within its Consumer division.
The research firm highlighted potential upside from television adaptations, pointing specifically to author Katherine Rundell signing a multi-film deal with Disney for her Impossible Creatures series.
According to Berenberg, Bloomsbury shares have derated due to concerns about underlying trends in academic markets and now trade at an FY26 P/E of 11.7x on updated numbers, which the firm considers "highly attractive" given potential upside from additional high-margin AI licensing deals and the next title by Sarah J. Maas.
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