Credit Suisse expects FY21 to be “remarkable” with a shift to digital donations accelerating significantly and the platform becoming indispensable to clients.
While acceleration over the last six months may be a pulling forward of demand and creating a challenging base to cycle in FY22 the broker still envisages a significant opportunity.
Credit Suisse also expects Pushpay to exceed FY21 guidance of US$50-54m (EBITDAF), forecasting US$57.2m. Outperform retained. Target rises to NZ$9.30 from NZ$6.54.
Sector: Software & Services.
Current Price is $7.54. Target price not assessed.
