Market's view on Experian
Published on April 2024
- Experian has signed an agreement to acquire illion, a leading credit bureau in Australia and New Zealand, enhancing its competitive position in these markets.
- The acquisition is valued at up to A$820 million, expected to be completed in the second half of 2024, and aims to add A$175 million in revenues and A$65 million in Benchmark EBITDA in the first full year post-acquisition.
- JPMorgan Cazenove has identified Experian as a top pick in the European business services sector, highlighting its potential for high single-digit organic growth supported by a strong product portfolio and opportunities for strategic acquisitions.
- Jefferies upgraded Experian’s rating from ‘hold’ to ‘buy’, with a significant increase in the target price, citing underappreciated growth drivers in Latin America and B2C sectors.
- Citi has raised its target price for Experian after a considerable stock price surge but maintains a ‘neutral’ rating, expecting a potential slowdown in credit flows impacting growth forecasts.