Düsseldorf, June 17, 2020 - The Analysts of QUIRIN Privatbank Equity Research have initiated coverage on the CLIQ Digital share (ISIN DE000A0HHJR3, GSIN A0HHJR), a leading digital lifestyle company, providing consumers worldwide with streaming entertainment services. Based on the Company’s inspiring growth perspectives the independent analysts give a buy recommendation with a target price of EUR 10.00. This equates to an upside potential to the current share price of approx. 90%.
In QUIRIN’s initial study, analysts Ralf Marinoni and Jannik Lucas state: “CLIQ Digital to benefit from rising demand for streaming content.” QUIRIN continues: “Research institute Newszoo expects games market volume to grow at 8.3% CAGR throughout 2023e. Revenue in the Video Streaming (SVoD) segment is expected to show an annual growth rate (CAGR 20202024) of 4.1%. Revenue in the Digital Music segment is expected to show an annual growth rate (CAGR 2020-2024) of 4.6%. Given CLIQ’s sales growth over the next year, the company should outperform the market.”
The research study is available on the CLIQ Digital AG website under: