Jefferies raises PT on Australia's Qoria on upbeat FY forecast

Qoria

22/07/2025 19:58

** Jefferies raises PT on technology company Qoria Ltd QOR.AX to A$0.7 from A$0.6, retains "buy" rating

** Firm provides FY26 forecast - revenue of more than A$140 million ($91.66 million), annual recurring revenue (ARR) growth of more than 20%; also EBITDA margin exceeding 20%

** "Revenue and EBITDA margin guidance was slightly below consensus, but more importantly ARR growth was stronger" - Jefferies

** Company also reported quarterly underlying EBITDA of A$15.4 million, along with 25% growth in ARR

** Brokerage says quarterly results showed FY EBITDA margin of 13.1% hit the midpoint of FY25 expectation by cost-investment management and revenue growth

** Six analysts on average rate the stock "buy"; with a median price target of A$0.55, according to data compiled by LSEG

** YTD, QOR up 2% as of last close

($1 = 1.5274 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))