2 days ago
Kepler Capital Reaffirms Their Hold Rating on Fortnox AB (FNOX)
In a report released on July 10, Erik Sandstedt from Kepler Capital maintained a Hold rating on Fortnox AB, with a price target of SEK89.75. The company's shares closed yesterday at SEK89.52.
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Sandstedt covers the Technology sector, focusing on stocks such as Fortnox AB, Vitec Software Group AB Class B, and Lime Technologies AB. According to TipRanks, Sandstedt has an average return of 0.9% and a 41.67% success rate on recommended stocks.
Currently, the analyst consensus on Fortnox AB is a Hold with an average price target of SEK86.58.
Based on Fortnox AB's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of SEK563 million and a net profit of SEK210 million. In comparison, last year the company earned a revenue of SEK467 million and had a net profit of SEK149 million
