2022-01-20 05:13:37 RTMVY Rightmove
01/20/22 01/2005:13 01/20/2205:13 | Rightmove resumed with a Neutral at Goldman SachsGoldman Sachs analyst Lisa Yang resumed coverage of Rightmove with a Neutral rating and 826 GBp price target. The analyst resumed coverage of 27 stocks in the European internet and media sector. She believes the sector will be defined by the acceleration of the digital economy in 2022 and beyond, with an increased focus on growth, reinvestment and repositioning businesses for a post-pandemic world. Yang takes a "selectively constructive view" citing improved growth prospects, high cash generation and strong balance sheets, albeit with "some pockets of risk to near-term margin." The analyst prefers "nascent" online categories such as autos and education and sees greater reinvestment risk in classifieds. |
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