Needham Starts NIQ Global Intelligence Plc (NIQ) at Buy

Needham analyst Kyle Peterson initiates coverage on NIQ Global Intelligence Plc (NYSE: NIQ) with a Buy rating and a price target of $24.00.

The analyst comments "We are initiating coverage of NIQ Global Intelligence (NIQ) with a Buy rating and a $24 price target. NIQ is a global consumer insights platform which focuses on the fast-moving consumer goods and tech and durables verticals. The company is a carve-out from legacy Nielsen Holdings, and we believe the health of the business has improved substantially since NIQ exited the public spotlight in 2021. Of note, organic growth has reached a solid mid-single digit pace and margins have expanded over 800 basis points since the carve-out. While cash flow conversion has lagged, we see line of sight to substantial improvement, and view this as more than priced in with the shares trading at an EV/FY26 EBITDA multiple of 8.8x. Our $24 target is based on an EV/FY26 EBITDA multiple of 10.5x."

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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