2358 GMT - Travel software developer Serko's reset to expectations persuades Forsyth Barr to upgrade the stock to outperform, from neutral. Analyst James Lindsay thinks Serko can halt "a prolonged sales downgrade cycle" by achieving the midpoint of its guidance for FY 2026 total income. "With valuation near trough levels relative to peers and history, we see a favorable risk-reward backdrop if Serko can restore confidence in its growth trajectory," Forsyth Barr says. It estimates Serko's core business can deliver more than NZ$35 million of Ebitda by FY 2028. Serko is up 0.3% at NZ$2.92. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
June 11, 2025 19:58 ET (23:58 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Comments