Risk factor
High price volatility
Profitability factor
Greatly overvalued vs peers
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
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. In particular, the stock is overpriced on P/E, 'expensive' on EV/EB
Target Price
The average target price of ACAST.ST is 38 and suggests 7.07% downside potential. Usually, this means a SELL recommendation among investment firms, or a recommendation to