(AOF) – Obiz, a responsible relationship marketing digital platform and the first GoodTech on the Euronext Growth market in Paris, announces the initiation of coverage of its title by TP ICAP Midcap (a leading stockbroking company and investment bank on the French market, specializing in Small & Midcaps).
In its initiation study published on September 12, 2023, entitled “The network effect makes the difference”, TP ICAP Midcap begins monitoring Obiz’s stock with a buy recommendation and a price target of 12.5 euros, representing a significant growth potential of +98% compared to the closing price of September 10, 2023.
“The company has demonstrated its ability to generate organic growth and target relevant acquisitions. Capitalizing on a network effect that raises the barriers to entry in its market, Obiz© has laid a solid foundation for accelerating its growth and a significant rebound in its margins.” Veneta Nikolova, analyst at TP ICAP Midcap.
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