Barclays15 Apr 2024 14:28
The company won new big name clients such as BrewDog, TikTok, Diageo, and Booking.com in its last quarter. This adds to its current client list of Google, Facebook, Amazon, Netflix, Procter Gamble, Shopify, and others.
It aims to add 20 clients every year, each generating revenues of £15.3 million from 2022 to 2024. But the company has to focus on increasing its profitability to convince investors.
Julien Roch reiterated an Overweight rating on the stock with a price target of 550p. Barclays analysts further added, “S4 Capital shares are way too cheap, as the market is already pricing the risk of a recession into the shares.