Citi analyst Siraj Ahmed maintained a Buy rating on Serko Ltd. (SERKF – Research Report) today and set a price target of A$4.90. The company’s shares closed last Friday at $4.00.
According to TipRanks, Ahmed is a 5-star analyst with an average return of 13.1% and a 58.82% success rate. Ahmed covers the Technology sector, focusing on stocks such as Megaport Ltd., Appen Ltd., and Nextdc Limited.
Currently, the analyst consensus on Serko Ltd. is a Strong Buy with an average price target of $3.29, a -17.75% downside from current levels. In a report released yesterday, Ord Minnett also maintained a Buy rating on the stock with a A$5.45 price target.
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SERKF market cap is currently $326.7M and has a P/E ratio of -29.64.
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Serko Ltd. (SERKF) Company Description:
Serko Ltd is engaged in the provisioning of computer software solutions for corporate travel. The company’s products are Serko Online and Serko Expense which are cloud-based enterprise-grade solutions that help corporates manage their travel and expense programs. Geographically, it derives a majority of revenue from Australia and also has a presence in New Zealand, US, India, Singapore and Other. The company generates revenue from Serko Online, Serko Zeno, Serko Mobile, and Serko Expense technology platforms.
