Trustpilot Group plc

New dawn fades

  • Sectors : Disruptive Technology
  • Companies : Trustpilot Group plc

Ratings and price correct at time of issue.

  • Trustpilot Group plc

    Closing Price: 61.5p

  • RATING 06/09/22

  • PREVIOUS RATING N/A

DAVY VIEW

Trustpilot Group (TRST) aspires to be the leading consumer review platform globally. We see a long runway for growth and a clear, but long, path to profitability as TRST benefits from scale and operating leverage. However, there are challenges aplenty ahead of a recession; we think investors can wait and see. We initiate with a ‘Neutral’ rating and a price target of 80p.

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Sep 6 2022, 07:05 IST/BST

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