Berenberg sees 20% upside potential for accesso Technology as it starts coverage with a ‘buy.’
Proactive Investors shared news today that German investment bank Berenberg has initiated coverage of accesso Technology group with a ‘buy rating’ and a 20% upside potential to investors.
Analysts from Berenberg note that accesso has delivered a steady compound average growth of 12% in organic revenue since 2012, and they forecast this will increase to 13% from 2018 – 2020. The bank attributes this growth, in part, to accesso’s position as the leading provider of technology solutions for the global leisure industry. Analysts predict that in the coming years, accesso will take market share in its core theme park industry and also expand within the broader leisure industry.
“Coupled with the capacity to consolidate its fragmented industry and a scalable business model,” they remarked, “We believe accesso can grow to multiples of its current size on a multi-year view.”
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