crashandspyrosuperpack| World Data's first-quarter results were slightly lower than expectations, and Jefferies maintained its "buy" rating: target price was raised to US$16.69
News summary
World Data's first-quarter revenue increased 9% but fell short of expectationscrashandspyrosuperpack, the stock price fell due to profit-taking, stable international expansion, reasonable valuation but needed to be catalyzed, and the target price was raised to 16crashandspyrosuperpack.69 dollars with a "Buy" rating.
Newsletter text
Wanguo Data's quarterly results slightly lowered expectations, and its share price fell back in response
Jefferies analysts recently released a report pointing out that IWC's revenue and EBITDA in the first quarter increased by 9% and 5% year-on-year, but this performance did not meet the market and the bank's previous expectations. Although the full-year performance guidance remained unchanged, its share price fell after the results were released. Analysts believe that the decline was driven by investors 'profit-taking, moderate quarterly results and the lack of short-term positive factors. At the same time, the expansion of the company's international business is progressing smoothly, and its plan to realize the realization of mainland assets through REIT is said to be completed later this year. The report also mentioned that the EV/EBITDA ratio of IWC's current share price is 9.3 times, and the three-year EBITDA compound annual growth rate is 12%, making the valuation relatively reasonable. However, considering that the stock requires a positive catalyst to achieve a revaluation, Jefferies raised its price target from $16.32 to $16.69 and maintained a "buy" rating.
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