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On Friday, Jefferies reaffirmed its Buy rating on Kakaku.com Inc. (2371:JP) (OTC: KKKUF), maintaining a price target of JPY2,770.00. The firm anticipates a busy second half of the year for the company, particularly for its Kyujin Box business. Jefferies expects sales for Kyujin Box to surge by more than 35% during this period, driven by promotional activities.
The analyst from Jefferies highlighted that Kakaku.com's Tablelog platform is likely to experience its high season in the third quarter, which should contribute to the company's performance. Additionally, the firm's Shopping segment, which focuses on price comparison, is showing signs of recovery, which is a positive indicator for the company's overall growth trajectory.
Kakaku.com's potential to kick off a new phase of investment in the next fiscal year was also noted by Jefferies. This suggests that the company may be gearing up for strategic initiatives to further strengthen its market position and enhance its business offerings.
The maintained price target of JPY2,770.00 reflects Jefferies' confidence in Kakaku.com's future performance. The firm's outlook is based on the expected growth in key business segments and the possibility of new investments that could drive further expansion for the company.
Kakaku.com's stock rating and price target by Jefferies signal optimism about the company's prospects, as it continues to focus on its core businesses and explore new investment opportunities. The analyst's comments underscore the potential for robust sales growth and strategic development in the coming fiscal year.
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