Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search

 


Clare Capital - Updated target price for Pushpay (NZAX:PAY)

Clare Capital - Updated target price for Pushpay (NZAX:PAY)

Based on the recently released results we have updated our target price for Pushpay (NZAX:PAY) from $3.64 to $4.44. Although this uplift only brings the target price in-line with the current share price, this valuation is based on the current guidance of 100% merchant growth in the six months, to 30 September 2015 – Pushpay have shown a habit of exceeding guidance.

For the three month period to 31 March 2015, Pushpay set a target of 50% merchant growth, and exceed this by 31%. If Pushpay continues their pattern of exceeding guidance, further upwards revision in the target price is likely, north of $5.00 is possible.

The Company’s financial reports are due out in May, at this time we will further calibrate our modelling to their full financial performance, updated our scenario analysis and release a more detailed report.

Attachments:

Updated research - "Pushpay Holdings Limited: Pushpay exceeds growth targets
Detailed original piece - "Pushpay Holdings Limited: A SaaS play which makes donating and paying easy"

ENDS

© Scoop Media

 
 
 
 
 
Top Scoops Headlines

 

'Opening The Election' Video: Nicky Hager And Mike Joy On Science, Spin, And Society

In two videos relevant to the March for Science from Scoop's 'Opening The Election' forum, Massey University's Dr Mike Joy spoke about promoting science in the face of government spin and journalist Nicky Hager offered a checklist of issues to promote for an open civil society. More>>

ALSO:

Gordon Campbell: On Regime Change, Bombs And Syria

Now that America has found its greatness again the traditional way – by bombing someone – the misgivings have set in. Despite the 57 Cruise missiles fired at the al Shayrat airbase in Syria, the airbase was reportedly functioning again soon afterwards. More>>

ALSO:


Earlier:

Get More From Scoop

 
 
 
 
 
 
 
Top Scoops
Search Scoop  
 
 
Powered by Vodafone
NZ independent news