Team17 Group: A Balanced Hold Rating Amidst Financial Stability and Market Cautiousness
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 17 2024
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Source: Business Insider
Analyst Rating and Company Outlook: Jefferies analyst James Wheatcroft maintained a Hold rating on Team17 Group (TSVNF) with a price target of p230.00, citing stable trading for FY24E but caution due to recent share price underperformance and an impairment charge.
Financial Performance Highlights: Team17 Group reported 11% organic revenue growth and increased back catalogue revenue, indicating strong earnings potential, although current valuation metrics suggest a cautious investment approach.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
