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DJ EQS-News: CCBI Issued Updated Report on iClick (NASDAQ: ICLK) Maintained Outperform and Raised Target Price from USUSD10.10 to USUSD18 EQS-News / 19/01/2021 / 21:35 UTC+8 CCBI Issued Updated Report on iClick (NASDAQ: ICLK) Maintained Outperform and Raised Target Price from USUSD10.10 to USUSD18
CCBI issued an updated report on iClick Interactive Asia Group Limited (NASDAQ: ICLK) on 18 January 2021, reiterating its Outperform rating with a target price of USUSD18, which represents an upside of 53% from the closing price of USUSD11.79 as at 15 January 2021. CCBI indicates that online marketing solutions has been a cash cow for iClick, and it is now developing new marketing solutions through the emerging marketing channels such as multi-channel networks, KOL marketing and short-form video. This would boost business scale and achieve better profitability, and CCBI expects Marketing Solutions revenue will grow 18% and 17% in 2020F and 2021F, respectively. Whereas it ....

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