SiteMinder CEO's Incentives Indicate Confidence -- Market Talk

Dow Jones11-04

2243 GMT - The structure of SiteMinder CEO Sankar Narayan's long-term incentives indicates the accommodation-tech provider is confident of accelerating revenue growth, Wilsons analysts reckon. They point to the fact that Narayan's long-term incentives cover fiscal 2025 through fiscal 2027 as a sign that SiteMinder sees its medium-term transformation bearing fruit. The analysts tell clients in a note that SiteMinder's ramp-up of its new Dynamic Revenue Plus and Channels Plus products can power annual revenue growth of 30%. Wilsons lifts its target price 8.6% to A$7.60 and keeps an overweight rating on the stock. Shares are at A$6.57 ahead of the open. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

November 03, 2024 17:43 ET (22:43 GMT)

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