Intel stock spikes after report of possible US government stake
Investing.com - Canaccord Genuity initiated coverage on Water Intelligence PLC (LON:WATR) with a Buy rating and set a price target of GBP5.00.
The research firm projects adjusted EBITDA and EPS compound annual growth rates of 11% and 8%, respectively, over the next two years for the water technology company.
Canaccord’s estimates assume low-single-digit organic revenue growth, flat underlying margins, and only include already announced mergers and acquisitions activity.
The stock currently trades at 10.6x and 9.9x price-to-earnings for fiscal years 2025 and 2026, respectively, and enterprise value-to-EBITDA multiples of 6.4x and 5.9x for the same periods.
Canaccord’s analysis suggests potential for significant upside beyond their 500p target, potentially reaching 900p longer-term if Water Intelligence successfully executes its growth plans and delivers higher quality earnings.
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