Market's view on Trustpilot
Published on April 2024
- A stock watcher noted optimism about the stock’s chart potentially trending upwards.
- Predictions are made about the stock heading back to a value of 200.
- Disappointment is voiced regarding the timing of purchasing the stock around financial results releases.
- Trustpilot Group plc reported positive financial results for the year ended 31 December 2023, highlighting a growth in revenue and a strong net cash position following a successful share buyback programme.
- The stock is considered underpriced by a stock watcher, based on its financial strengthening and recent large-scale share repurchase.
- Recent price targets from Berenberg and JP Morgan support a positive outlook on the stock.
- Vitruvian Partners conducted a placing of ordinary shares in Trustpilot, with strong investor demand prompting an increase in the number of shares sold.
- The stock price target has been raised by BERENBERG following satisfactory financial results, boosting the stock’s buy rating.
- Trustpilot’s recognition in the media and advertising presents a positive image, potentially bolstering investor confidence.
- Concerns about market volatility and its impact on tech stocks are expressed, with specific mention of potential drops following Meta earnings.