Huddlestock: Charting the Path to Profitable Growth in 2024 - Analyst Group

Huddlestock Fintech AS (“Huddlestock” or the “Company”) has demonstrated high growth of 88% throughout the full year of 2023 and expanded the Company’s focus on achieving profitable growth. The strong value proposition and expanded product offering within Investment-as-a-Service has resulted in increased recurring revenues and a solid pipeline of new prospects, expected to drive new deals and growth in the near future. This, combined with a positive outlook for the Professional Service division in 2024, justifies a high activity throughout the year 2024. Huddlestock is estimated to reach a revenue of NOK 141M in 2024, and based on an applied EV/S target multiple of 4.1x, a potential fair value of NOK 2.4 (2.9) per share is derived in a Base scenario.

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