0040 GMT - SiteMinder's bull at Citi reiterates its buy call on the expectation that the accommodation-tech provider's revenue growth are about to accelerate. Analyst Siraj Ahmed tells clients that he sees revenues from the Australia-listed company's so-called smart platform contributing 11 percentage points of growth to his forecast of 30% group revenue growth in FY 2026. He anticipates A$236 million in FY 2025 revenue, growing to A$307 million a year later. He writes that his meetings with partners, customers, competitors and consultants have been generally positive following SiteMinder's launch of its Dynamic Revenue Plus product. Citi raises its target price 9.1% to A$7.20. Shares are down 0.5% at A$6.17. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
September 29, 2024 20:40 ET (00:40 GMT)
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