SiteMinder Bull Sees Revenue Growth Accelerating -- Market Talk

Dow Jones

Sep 30, 2024

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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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. 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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) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 29, 2024 20:40 ET (00:40 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SDR.AU","symbol_name":"SiteMinder Ltd","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2471892144","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2471892144","pubTimestamp":1727656800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate","earning"],"viewcount":null,"language":"en","relate_stocks":{"SDR.AU":"SiteMinder Ltd"},"translate_title":"SiteMinder牛市认为收入增长加速——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SDR.AU":0.9},"content_text":"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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 29, 2024 20:40 ET (00:40 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}