Experian initiated with a Peer Perform at Wolfe Research

Wolfe Research initiated coverage of Experian with a Peer Perform rating and no price target. The firm sees a 3,700 GBp to 4,300 GBp fair value range, the analyst tells investors. The company’s consumer-focused offerings are a point of differentiation and allow Experian to have deeper credit-oriented relationships beyond the traditional bureau model, the analyst tells investors in a research note, noting that consumer services growth has outpaced data and decisioning growth in recent years, which has added an element of resiliency to the company’s revenue growth. The firm adds however that with shares trading at 27-times expected 2025 earnings and up 14% year-to-date, that valuation is likely reflective of Experian’s current growth profile.