Jefferies sees upside for Australia's Qoria, starts coverage with 'buy'

Qoria

29/05/2024 19:48

** Analysts at Jefferies see Qoria  QOR.AX  to benefit from
further market penetration and industry tailwinds 
    ** Brokerage initiates coverage on educational cybersecurity
technology company with a "buy" rating, sets PT at A$0.60  
    ** Jefferies says QOR has less than 3% market share in its
key markets, leaving a "large white space" for potential upsell
into existing customers
    ** Adds verticals within "family safety" are forecast to
grow at 12-30% compound annual growth rate in near future
    ** "Growth drivers are set and cost structure is right-sized
for coming few years, which should translate to positive
operating leverage" - Brokerage
    ** Stock up 57.1% YTD, based on last close



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))