News Flash: Analysts Just Made An Upgrade To Their East Money Information Co.,Ltd. (SZSE:300059) Forecasts

East Money Information Co.,Ltd. (SZSE:300059) shareholders will have a reason to smile today, with the analysts making substantial upgrades to this year's forecasts. The consensus estimated revenue numbers rose, with their view now clearly much more bullish on the company's business prospects.

After the upgrade, the 17 analysts covering East Money InformationLtd are now predicting revenues of CN¥14b in 2025. If met, this would reflect a major 21% improvement in sales compared to the last 12 months. Before the latest update, the analysts were foreseeing CN¥13b of revenue in 2025. So there's been a pretty clear uptick in analyst sentiment after this consensus update, given the small lift in this year's revenue forecasts.

Check out our latest analysis for East Money InformationLtd

Additionally, the consensus price target for East Money InformationLtd increased 6.7% to CN¥24.59, showing a clear increase in optimism from the analysts involved.

Of course, another way to look at these forecasts is to place them into context against the industry itself. It's clear from the latest estimates that East Money InformationLtd's rate of growth is expected to accelerate meaningfully, with the forecast 21% annualised revenue growth to the end of 2025 noticeably faster than its historical growth of 11% p.a. over the past five years. Compare this with other companies in the same industry, which are forecast to grow their revenue 5.2% annually. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect East Money InformationLtd to grow faster than the wider industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts lifted their revenue estimates for this year. The analysts also expect revenues to grow faster than the wider market. There was also an increase in the price target, suggesting that there is more optimism baked into the forecasts than there was previously. Given that analysts appear to be expecting substantial improvement in the sales pipeline, now could be the right time to take another look at East Money InformationLtd.

Of course, there's always more to the story. We have analyst estimates for East Money InformationLtd going out to 2027, and you can see them free on our platform here.

Of course, seeing company management invest large sums of money in a stock can be just as useful as knowing whether analysts are upgrading their estimates. So you may also wish to search this free list of stocks with high insider ownership.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.