Risk factor
High price volatility
Profitability factor
Favourable analyst view
About
Acast AB (publ) operates an international platform that connects podcast creators with advertisers. The company empowers advertisers to engage with podcast listeners through various formats, including host-read ads, standard audio spots, and integrated branded content. It also enables precise ad targeting to reach specific audience demographics. For podcasters, Acast offers resources for monetization and strategies to grow their audience. By June 7, 2021, the company's platform hosted roughly 28,000 shows, collectively achieving approximately 3 billion listens. Established in 2014, Acast AB (publ) is headquartered in Stockholm, Sweden.
Company Valuation
From both historical and forecast perspectives, the stock is considerably overpriced compared to similar stocks. In particular, the stock is overpriced on P/E, 'expensive
Target Price
The average target price of ACAST.ST is 48.4 and suggests 50.7% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to