IIFL Securities's Stock Idea: Buy Affle (India) with Target Rs 1875
On December 16th, IIFL Securities recommended a "buy" rating for Affle (India). The current stock price of Affle is Rs. 1828.6, and IIFL has set a target price of Rs. 1875, implying an upside potential of approximately 2.6%. This positive outlook is based on Affle's strong track record, growth potential in the digital marketing sector, and robust financial performance. Investors should consider this recommendation and conduct further research to make informed investment decisions.
About Affle (India):
Affle (India) is a global technology company that provides mobile advertising solutions to brands and agencies worldwide. The company offers a proprietary consumer intelligence platform, Affle MAAS (Mobile Audience as a Service), which enables marketers to reach and engage targeted audiences across various mobile channels. Affle's platform provides advanced targeting capabilities, performance measurement, and fraud prevention. As of March 31, 2023, Affle had a total user base of over 2.2 billion monthly active users across more than 60 countries. The company has partnerships with over 30,000 app developers and publishers, and over 600 brands and agencies use its platform.
52 Week Price Trend:
Affle (India), a leading mobile advertising platform, has been trading in a range between Rs 998 and Rs 1869.15 over the past year. Currently, its CMP stands at Rs 1828.6, close to its 52-week high. The strong performance of the company's advertising platform, which leverages AI and machine learning, has driven this growth. Affle's focus on emerging markets and its strategic partnerships have also contributed to its financial success. With the digital advertising market expected to continue its expansion, Affle is well-positioned to maintain its growth trajectory in the coming quarters.
Stratzy's MOST Analysis:
Based on the MOST framework's evaluation, Affle has received an AA- rating. This suggests that the company exhibits Medium Fundamental Risks. The framework analyzes four key pillars: Management, Outlook, Safety, and Trend. By examining these factors, Stratzy provides an overall score that ranges from AAA (lowest risk) to CC- (highest risk). An AA- rating indicates that Affle faces moderate levels of risk across the evaluated criteria, providing investors with a balanced understanding of potential vulnerabilities.
Fundamental and Technical information provided in this blog were last updated on 14 Dec, 2024
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