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Investing.com - RBC Capital initiated coverage on Trustpilot Group PLC (LON:TRST) with an Outperform rating and a price target of GBP2.90, citing the company’s strong market position and growth potential.
The research firm highlighted Trustpilot’s first-mover advantage that has established solid market positions in key regions, along with successful execution in shifting toward higher-value Enterprise customers.
RBC Capital projects mid-teens top-line growth for Trustpilot, with approximately 16% compound annual growth rate from fiscal year 2024 to 2027, supported by Net Dollar Retention of around 100% following the company’s package migration.
The firm’s analysis suggests Trustpilot has significant potential for embedded growth within its platform, positioning the company to benefit from artificial intelligence proliferation while playing an important role in consumer trust protection.
RBC Capital’s GBP2.90 price target is based on a 4.5x enterprise value to sales multiple for fiscal year 2027 estimates, supporting the Outperform recommendation for the review platform provider.
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