Stifel Starts NIQ Global Intelligence Plc (NIQ) at Buy

Stifel analyst Shlomo Rosenbaum initiates coverage on NIQ Global Intelligence Plc (NYSE: NIQ) with a Buy rating and a price target of $24.00.

The analyst comments: "NielsenIQ (NIQ) is a global consumer intelligence provider that sits at the intersection of brands, retailers, and consumers. The company has a presence in over 90 countries, serves 80% of the Fortune 100, and about 68% of revenue comes from multi-year subscription contracts. NIQ has roughly a 7% share in a $57B TAM. The trajectory of the business is significantly improved since the business was taken private in 2021, and we think the turnaround is evident from the numbers. We view NIQ as a mid-single-digit organic revenue growth story with significant margin expansion and de-leveraging potential over the next few years."

For an analyst ratings summary and ratings history on NIQ Global Intelligence Plc click here. For more ratings news on NIQ Global Intelligence Plc click here.

Shares of NIQ Global Intelligence Plc closed at $17.94 yesterday.

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