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Investing.com - BMO Capital initiated coverage on NIQ Global Intelligence Plc (NYSE:NIQ) with an Outperform rating and a price target of $24.00 on Monday, representing significant upside from the current price of $17.94.
NIQ Global Intelligence, which was spun out from Nielsen Holdings in 2021, provides consumer measurement data and analytics to retailers and consumer goods companies. The company generates annual revenue of $4 billion with a gross profit margin of 56%, though InvestingPro data shows it’s currently operating with significant debt and isn’t profitable over the last twelve months.
BMO Capital forecasts long-term mid-single-digit revenue growth for NIQ, driven by subscription price increases, upsell/cross-sell opportunities, and expansion into smaller markets and new verticals.
The firm projects approximately 150 basis points of margin expansion through 2027 and roughly 50-100 basis points over the long term.
BMO Capital views NIQ’s current stock price as an attractive entry point given its weak share performance, with the $24 target price representing a discount to peers.
In other recent news, NIQ Global Intelligence has garnered significant attention from several major research firms, all initiating coverage with positive ratings. Barclays has assigned an Overweight rating to NIQ, forecasting a 5.0-5.5% revenue growth and an 11% increase in adjusted EBITDA over the next three-plus years, with a price target of $24.00. Stifel has also initiated a Buy rating, aligning with a similar price target of $24.00, highlighting NIQ’s extensive global reach and its service to a large portion of the Fortune 100 companies. JPMorgan has joined the coverage with an Overweight rating, setting a slightly lower price target at $21.00, and recognizing NIQ as a leader in global consumer product measurement. Baird has given NIQ an Outperform rating, citing the company’s strong operational value-creation potential under experienced leadership. UBS has also rated NIQ with a Buy, projecting a 35% upside potential from its current price and setting a price target of $24.00. These recent developments reflect a broad consensus among analysts regarding NIQ’s promising growth prospects and market position.
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