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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (106786)5/26/2021 9:58:30 AM
From: Goose94Read Replies (1) of 203260
 
Magnet Forensics (MAGT-T) Canaccord Genuity analyst Doug Taylor rates "buy" in new coverage. Mr. Taylor set a share target of $28.

Mr. Taylor says in a note: "Magnet's leading software solutions for the digital investigations market are allowing it to rapidly gain share with law enforcement and corporate customers.

The company targets 30-per-cent annual revenue growth in its largely recurring revenue base through expansion of its revenue per customer and new customer additions. The business model has many attractive qualities that justify a high valuation multiple, in our view; shares currently trade at 10.5 times sales. However, we see upside to the current share price as the company extends its track record of profitable growth and further demonstrates the ability to penetrate a wider enterprise customer base. ...

The predictability of the financial model and efficacy of sales and marketing efforts have meant high profitability even while experiencing strong growth. EBITDA has been consistently positive in recent years, expanding to 30-per-cent EBITDA margins in 2020 due in part to certain one-time benefits."
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