iFast reported “strong” results with net profit for 4QFY2023 ended Dec 31, 2023 some 10% ahead of consensus and some 50% ahead of UBS’s estimates, write Rawat and Tan.
UBS Global Research analysts Aakash Rawat and Benjamin Tan have further increased their target price on iFast Corporation, following “strong” results for FY2023 ended Dec 31, 2023.
In a Feb 22 note, Rawat and Tan maintain their “buy” call with a higher target price of $10.50, up from $10 previously. The UBS analysts had nearly doubled their previous target price from $6.50 in a bullish note from November 2023.
