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Investing.com - Wells Fargo initiated coverage on NIQ Global Intelligence Plc (NYSE:NIQ) with an Overweight rating and a price target of $21.00 on Monday. The company, currently valued at $5.3 billion, trades at $17.94 per share and carries a substantial debt burden of $4.7 billion.
The investment bank highlighted NIQ’s attractive business model, which features over 80% recurring revenue and hard-to-replicate data assets on consumer shopping activity.
These valuable data assets are sourced through partnerships with retailers and consumer panels, creating a competitive advantage in the analytics market.
Wells Fargo noted that while some competitors offer better data in certain segments or regions, no provider matches NIQ’s breadth and depth of consumer shopping information.
The firm emphasized that NIQ is well positioned to benefit from rising demand for data and analytics across consumer retail, though it identified industry consolidation as a growing risk for the company.
In other recent news, NIQ Global Intelligence has garnered significant attention from various analyst firms, each initiating coverage with favorable ratings. BMO Capital initiated coverage with an Outperform rating and set a price target of $24.00. Barclays followed suit with an Overweight rating, also targeting $24.00, and projected a revenue growth of 5.0-5.5% along with an approximately 11% increase in adjusted EBITDA over the next few years. Stifel rated NIQ with a Buy and a matching price target of $24.00, highlighting its global presence and service to a significant portion of Fortune 100 companies. JPMorgan also initiated coverage with an Overweight rating but set a slightly lower price target of $21.00, describing NIQ as a leader in global consumer product measurement. Baird joined the positive outlook with an Outperform rating and a $24.00 price target, emphasizing the company’s operational value and competitive edge. These developments reflect a strong consensus among analysts regarding NIQ’s market position and future growth prospects.
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