Atrium Research analyst Nicholas Cortellucci maintained a Buy rating on Sabio Holdings (SBIO – Research Report) today and set a price target of C$1.00.
Nicholas Cortellucci has given his Buy rating due to a combination of factors including Sabio Holdings’ impressive financial performance in the fourth quarter and the outlook for 2024. The company reported a significant increase in revenue, surpassing both the original and revised estimates, with a 44% year-over-year growth. Additionally, the adjusted EBITDA also showed substantial growth, exceeding expectations.
Sabio Holdings has demonstrated strong performance in its ad-supported streaming segment, which was a major contributor to the revenue increase, growing by 57% year-over-year. The mobile segment also showed positive growth for the second consecutive quarter. Based on these strong results and the company’s guidance for continued growth and solid margins into 2025 and 2026, Cortellucci has maintained a Buy rating and increased the target price for Sabio Holdings’ stock.
According to TipRanks, Cortellucci is ranked #8847 out of 9384 analysts.