Nowvertical Group Inc (C:NOW)
Shares Issued 37,891,519
Last Close 5/25/2022 $0.59
Thursday May 26 2022 - In the News

The Globe and Mail reports in its Thursday, May 26, edition that Echelon Capital Markets analyst Rob Goff says Nowvertical Group is a "compelling investment opportunity." The Globe's David Leeder writes in the Eye On Equities column that Mr. Goff sees an organic growth rate of more than 20 percent ahead this year at Nowvertical Group.

Mr. Goff rates Nowvertical "speculative buy" in new coverage. He set a share target of $1.60. Mr. Goff says in a note: "Beyond organic growth, we look for the successful completion of strategic, accretive acquisitions from its pipeline to support a target run rate of $100-million exiting 2023. Cross-selling represents upside to our baseline 20-per-cent organic growth while platform efficiencies support margin expansion to leverage revenue growth. ... With demonstrated organic and inorganic growth, advancing scale and profitability, we look for an aggressive revaluation of the shares. We believe the prospective returns linked to a scale-driven revaluation of its shares represent a strong return profile against the associated execution risks where NOW's track record and synergies warrant confidence that it will be successful."