Analysts have raised their price target for Knowit from SEK 142 to approximately SEK 148.67. This reflects revised assumptions about growth potential and market conditions.
What's in the News
- Knowit has signed a new framework agreement with Kammarkollegiet for Management Consulting services, expanding its offerings in the management consulting sector and strengthening its role in the digital transformation of Sweden's public sector (Key Developments).
- A separate framework agreement within IT-consulting services has been secured, enabling Knowit to continue delivering strategic IT solutions to approximately 350 public authorities across Sweden (Key Developments).
- Knowit, in partnership with Mambu, has been selected by Coop Norge SA to implement a new cloud-native core banking system for managing millions of member accounts, supporting Coop's cooperative model and updating its banking infrastructure (Key Developments).
- The core banking system project for Coop will take place over four years, with the option for annual extensions up to eight years, and development is already underway (Key Developments).
Valuation Changes
- Consensus Analyst Price Target: Increased modestly from SEK 142 to approximately SEK 148.67, reflecting a more optimistic valuation.
- Discount Rate: Fell slightly from 7.68% to 7.52%, indicating a mild decrease in perceived risk.
- Revenue Growth: Increased slightly from 2.62% to approximately 2.79%, suggesting expectations of stronger future sales.
- Net Profit Margin: Decreased notably from 5.06% to around 3.01%, reflecting lower profitability forecasts.
- Future P/E: Increased significantly from 14.46x to 25.62x, implying higher projected valuation relative to future earnings.
Disclaimer
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