logo-loader

Bango an ‘exciting opportunity for investors’

Published: 09:35 28 Nov 2022 EST

Merchants use Bango plc to target their marketing at paying customers based on their purchase behaviour
Merchants use Bango to target their marketing at paying customers based on their purchase behaviour

Equities analysts at Liberum have given a stellar recommendation for AIM-listed behavioural technology company Bango PLC (AIM:BGO, OTCQX:BGOPF) following the acquisition of Japanese payments business DOCOMO Digital.

Bango, whose data-driven technology is used by Amazon, Google and Microsoft, “is exposed to multiple growing markets and following the transformative Docomo Digital acquisition, it is strongly positioned to execute against this exciting opportunity,” said Liberum.

“We believe that the current share price materially undervalues the business,” reckon the analysts, pointing to an attractive price-to-earnings ratio prediction for 8.5x in 2024 as the benefit from the Docomo Digital acquisition is realised.

“Following the transformative acquisition, we see 78% upside from the current share price. We highlight the current share price as a highly attractive entry point to gain exposure to a high-quality, high-growth company with good momentum,” the analysts concluded.

Liberum gave BGO shares a buy rating with a target of 345p against today’s share price of 198p.

Bango sees strong 2023 revenue growth supported by DVM and Docomo contribution

Bango PLC (AIM:BGO, OTCQX:BGOPF) CEO Paul Larbey joins Proactive's Stephen Gunnion with details of the company's 2023 financial performance. The company reported revenue growth of 62%, reaching over $46 million. The increase was primarily driven by its innovative Digital Vending Machine (DVM)...

on 01/23/2024