LeadDesk company report (estimates, recommendation and target price) 18/2/2019, translation published 9/9/2019
We initiate the coverage of LeadDesk with an accumulate recommendation and target price of EUR 8.5. LeadDesk offers a cloud service for high-volume sales and customer service needs. The company has a strong track record of rapid and profitable growth in Finland and internationally, as well as a competitive and scalable SaaS business model. LeadDesk has a large target market that is experiencing strong growth with the cloud transformation which, combined with the fragmented field of competition, provides the company with opportunities for both strong organic growth and mergers and acquisitions. By listing, the company pursued more financial resources and a stronger corporate image to support the strategy of profitable growth.