This Software Developer Could Gain 40%
A cheap valuation and solid growth can't go unnoticed forever
Shares in this software and payments company have gone nowhere since a 2018 IPO — but that should change.
A steady and successful acquisition strategy has increased the percentage of revenue from software, yet the market is still valuing the stock as a lower-multiple payments play.
A closer look at multi-year performance shows acceleration in revenue and attractive valuations in M&A.
40% upside seems achievable with further growth in 2024 amid reasonable multiple expansion.