Update shared on 26 Nov 2025
Fair value Increased 1.52%Analysts have raised their price target on Currys from £1.15 to £1.35, citing growing confidence in underappreciated growth drivers such as the iD mobile division.
Analyst Commentary
Bullish Takeaways
- Bullish analysts are raising Currys' price target, supported by increased confidence in its operational execution.
- The iD mobile division is viewed as a significant and underappreciated source of future growth, which is fueling upward valuation revisions.
- Improved sentiment around the company's growth prospects is prompting upgrades from neutral to outperform ratings.
- There is growing belief that the company's growth drivers are not fully recognized in the current share price. This provides potential upside for investors.
Bearish Takeaways
- Some analysts remain cautious about the sustainability of growth, particularly regarding competitive pressures in the sector.
- The successful execution of growth strategies, especially in the iD mobile segment, is not assured and may present risks to valuation targets.
- Ongoing market uncertainties continue to make some investors wary when considering the pace and durability of Currys’ turnaround.
What's in the News
- Currys plc has provided group revenue guidance for 2025, expecting Group Like-for-like revenue growth of 3% (Company Guidance).
- The company has announced a share repurchase program worth up to £50 million. This initiative aims to return surplus capital to shareholders and reduce share capital. Repurchased shares will be cancelled, and the program will be funded via cash. The program will run until April 30, 2026 (Company Announcement).
- The Board of Directors has authorized a new buyback plan, effective September 4, 2025 (Board Decision).
Valuation Changes
- Fair Value Estimate has increased slightly from £1.62 to £1.65, reflecting marginally higher market optimism.
- Discount Rate has risen marginally from 10.54% to 10.64%, indicating a modest increase in perceived risk or required return.
- Revenue Growth Forecast is up from 2.24% to 2.36%, suggesting expectations of improved top-line performance.
- Net Profit Margin Projection has decreased slightly from 1.47% to 1.46%, indicating a very minor contraction in expected profitability margin.
- Future Price-to-Earnings (P/E) Ratio has risen from 16.63x to 16.93x, signaling a minor increase in valuation multiples expected by the market.
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